Shelby Mammano
Attempting to purchase property recently donated to a university
Good evening BP members! I have a fairly complex scenario and am seeking your help!I am interested in purchasing a duplex in my area that was donated to the local university in June of 2017. The property was then plac...
Andrew O.
Selling to re-invest capital in a better position.
Hey all,
I have been lurking for the past 2 months on BP, the opportunities the current market present spurred me onto to some more in depth investigations regarding REI.
My wife and I have an unencumbered SFR rent...
Mark Kurian
Refinance and Rent or Flip?
Hi All,I'm currently buying a property for about 300k (putting down 25% with an interest rate of about 5.3%). It's a 2 family and both units are currently rented out below market (at about 1,100 and 1,500). The mortga...
Josh Boyd
FHA Inspection Question-Termite Related
Hello,We found evidence of previous termite damage under a house we are renovating. My goal is to hold the house for myself, but I always prepare a backup strategy. In this case, flipping the home would be my backup...
Prasanna K.
Advantages of a full cash offer for investment property (in TX)
Given the current situation, to make offers attractive some folks are considering full cash offers. Any idea what would be the rough closing cost advantage between full cash versus 25% down on a $300K property. I am a...
Ashton Fry
Multiple Hiers!? How to force a sale with majority
Good afternoon, I am in communication with a seller who is a part owner in a MFH. She is 1/7 owners and her other three sisters want to sell too. This would give me 4/7 owners that want to sell the property. I have he...
Kiara Colon
Understanding Upfront Fees When Buying
As you embark on the exciting journey of purchasing your dream home, I want to provide you with some important information about upfront fees that are typically associated with buying a property. It's essential to be ...
Gavin Doyle
Cash out refinance
Hi everyone! My first property that I am closing on just refinanced for $60,000 over what I offered on it. Would it be smart to do a cash out refinance once the title is switched into my name? Thank you!
Rashad K.
Can an investor assume and FHA loan without applying?
Hey Bigger Pockets,Can a investor assume an FHA loan without having to apply or deal with the bank ? I have a motivated seller of an off marker triplex who owes 145K. Needs roughly 125k, rents are $1250-1300 after reh...
David Ounanian
How to Do Due Diligence on Investment Properties
Ensuring that you do your homework before purchasing a property is extremely important for making an intelligent investment. Here's an easy guide:1. Check the location - is it in a desirable area? Are there vacant or ...