Jim Froehlich
Non-recourse and Recourse Loan Parameters
BP Members, I've been trying to pinpoint parameters by reading other posts on this subject, but I'm getting conflicting information. I was recently told that I can only get non-recourse loans (residential rentals) f...
Richard Graf
Scaling Portfolio Financially
Hello, thank you for taking the time to potentially help us. My wife and I are looking to purchase our first rental property. I have 15k saved. I am looking in class C neighborhoods. The property I am considering is 4...
Erica Nagle
Can I get more properties?
We are currently waiting for our first fix and flip deal to close so we can start work. It's a short sale that was supposed to be approved by the bank but of course there's always more crap and waiting on the bank. Ho...
Jemma Jacques
DSCR Loan options
Hi there,I am looking to buy a set of 3 duplexes (that are $125k each) Id like to buy either one or all of them, wondering if I buy 2 or three if I can roll them into one DSCR loan to save on all the fees. Also what q...
Jerry Hill
Positive cash flow- reinvest in the mortgage?
What is the best way to manage positive cash flow? Do you put it all back into the mortgage or save for future deal?
Stuart Udis
Don't Fall For This Trap As A BRRRR Investor
I am hoping this post will help those interested in the BRRRR investment strategy avoid this common trap. From what I consistently observe, the ability to complete the BRRRR investment strategy and recapitalize onesel...
Jason Porto
Reserve Fund Contributions
I've been house hacking my place (I rent out a 3-bed 2-bath residence and live in a small in-law unit in the back) for just about 3 years and have been setting aside money each month for my reserve fund. I'm getting t...
Gary Burnham Jr.
Lender wont let me Cash out Refinance with 6 financed properties
please help me get to the bottom of this. I currently have 6 financed rental properties. 1 is owner occupied. I am trying to do a cash out refi on the 2 most recent purchases to get the cash out I spent to fix them ...
Diandre Pierce
Mobile home park opportunity
I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years. Average profit on a trailer park is between 10-15 percent . My uncle has done 84 percent for the last 14 consecutive years (these number...
Jake Peetz
How to create your own property management company
Does anyone here have experience owning their own property management company? I have a few single family homes and am working on my first multifamily. It was suggested to me to start my own property managment compan...