Amber Douglas
How to Finance a Small (40K) Home Purchase?
Hello There! I have found an 1100 Sq Ft home (2 bed 1 bath). The roof was replaced this year and the Central Heat and Air unit was replaced within the last 3 years. The house is on a large lot and needs some updatin...
Nick Zocher
Cashout Refinance
Hi All,I'd like to get some clarity on the Cashout Refinance strategy.I recently listened to a Podcast (Show # Late 50's or early 60's) where @Brandon Turner mentioned that his strategy to buy several properties fast ...
Travis Cheney
ISO Rehab to Rent financing
Hi BP friends. I own a property in Tuckerton, NJ with an ARV of $325k that I’m looking to rehab and rent. Several GC’s have estimated about $100k in work. Being that I own it outright, and only need $125k (budgeting f...
Charles A.
A diary of RE investing:with real numbers and photos.And no BS.
I compiled an actual diary of 6 years worth of my own personal real life real estate deals.Complete with all numbers and photos.Just so you know it's not all sexy and fancy all the time.Ordinary people still build wea...
Jeremy Basiger
FHA Non-occupant co-borrower
I am trying to find a creative way to fund my first investment property. This quest has led me to a few questions that I can not seem to find answers too. First the back story.I am a veteran, I bought my first house a...
Lance Luvaul
A: refi 3 loans into 1? B: portfolio loans count in 4 loan limit?
Hi BP: sorry, two questions in one:A: If I refinance 3 hypothetical conforming/secondary loans into 1 big loan, does that reduce the number of loans that count against my limit of 4? (And maybe a 3rd question: is the...
Spencer Wetmore
Refinancing FHA
I purchased a 4 family home in June 2016 using an FHA loan and a 3.5% down payment. The house was appraised using comp values rather than an income based approach due to the house being mostly vacant. I fixed up and r...
Nick DiFinzio
Banks/Lenders With No Seasoning Period
Hey can anyone help me compile a list of banks/lenders that do not have a 12-month seasoning period? Trying to cash-out refinance a property that I own to roll into another deal. Property is located in Binghamton, NY...
Mike G.
Question on FHA Loan Approval for Triplex
I contacted my Mortgage Broker and told him I was interested in buying a Triplex with an FHA loan and living in one of the units and his response was good luck with that. He said I would have about 1% chance of gettin...
Jon Blackburn
How would you work this partial BRRR?
Hi Folks, I need some help please in how best to structure a deal (never done this before). Here are details:
$50,000 (list price) tri-plex with two units occupied. Third (larger) unit needs $15k in rehab. ARV should...