Reynald Jean
First time home buyer
First of, I would like to say Happy NEW YEAR to all.I'm a FHB. if I buy a house for $180k and I spend $55k to fix it does that mean I overpay for the house? (the house in that neighborhood are selling for $220k move i...
Matthew Mays
Turning primary residence into rental
Hello all,I'm looking for some pro and con style advice on my plan to start RE investing.We live in a beautiful neighborhood in a decent house (3 br, 2ba). We purchased at a great price 5 years ago and have equity of ...
Andy Mejia
What should be my next move?
Good Evening All,
So I purchased my first house as a house hack and now I want to make my next move with limited capital. I have about 17k but I do have a house where I currently reside at with my mom (shes the owne...
Parker Harrison
To rent or sell?
I have recently been throwing the idea of renting my house out and purchasing another as a primary residence. I bought my house as a foreclosure at 118,000 and it was recently appraised for around 165,000. It is a fo...
Grant Shafer
Best sources for education
Hello everyone. My name is Grant, and I'm new to BP. My background: I became an accidental landlord about 6 years ago. I then met my wife, who owned her own house, and we bought a larger house together. Her house...
Account Closed
Is this what $0 means?
I found a house I want to purchase for $140,000 with an assessed value of $180,000. For any bank financing, I am required to put down 25%, or $35,000. I am going to pay the 25% down and get a 30 year fixed mortgage ...
Greg Seivert
How does that BRRR "Repeat" work exactly?
I took out a $100,000 heloc on my primary residence (that I am STR house hacking to great success). I used the heloc to buy my second vacation rental, which is also cash flowing after 9 months in. I'm eager to recyc...
Briseida Barillas
Real estate lawyer needed or how to proceed?
We just purchased a home July 2nd with an FHA loan. Inspector said minor things were wrong eith the house and mostly cosmetic. There were definitely things that we were prepared for the seller to fix for FHA approval....
Ceasar Blackman
What is the thing most wholesaler over look when judging ARV on a property ???
Hey
Just a simple question, you as a investor what is the main thing that most wholesaler over look before contracting and marketing a deal to investor ?
When blasting to a email list what might be left...
Lenna Groudan
Cash Purchases - Questions on refinancing (Pulling out Equity)
Hi, we are working on our "buy and hold" business plan and came up with a couple of questions related doing cash buys of residential properties followed by refinancing to pull equity out.We are planning to build a por...