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Hi everyone,I’m looking to use a HML to fund the rehab and 70% of the purchase price of a SFH. My contractor has given me his bid and asked for 25% upfront payment to start work. Here is where my confusion is. Will th...
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The NAR (National Association of Realtors) just sent out this communication to Realtors yesterday, Saturday the 21st. It covers various concerns of real estate agents, MFR property owners, Mortgage lenders, etc.
For...
Hi everyone, lurker for past year 1-2 years, finally posting.
Background, physician in the middle of fellowship, expect to make around 230-240k income as an attending. Knee deep in student loan debt more than most ot...
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Hi guys!
I recently acquired a 6 plex in Mesa, AZ that consists of small studios and 1Bed/2bed units. The units range from 350-600 sq feet and we are in our inspection period. The purchase price was $460K and am us...
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Hi All,
Pre-approved by lender for 3.5 down on FHA. Shopping for a house hack 2 unit in Chicago. Want to do low down payment and maybe 203k loan. Lender suggested it and was fine with it.
However, my current agent s...
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Any success stories combining the BRRRR method and Airbnb? This is a topic I do not see discussed here very often. I have two Airbnb properties that cash flow phenomenally. More than double what a long term tenant wou...
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Hi BP,
Can you BRRRR a turnkey property? At least pull out a majority of your investment? Obviously depends on scenario etc but generally speaking. I know it depends on goals and the goals is keep as much of my cap...
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I have a property under contract in a cash deal. I would like to put a mortgage on it as soon as I can to free up cash for follow-on opportunities. I am familiar with the cash out financing rules if I try to financ...
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I recently heard about VantageScoring and did some research. Thought I'd share what I found here with all of you.
What's Your VantageScore?
Since the 1970’s credit bureaus have used FICO scoring as the main model...
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I'm in process of buying a house right now. I wonder how can I buy the 2nd home soon?I put 20% DP on this first home so my pocket money would be low after the purchase.How did you experts expand your portfolio after t...