William Johnson
Journal of an Investor in Canada (12 deals in 12 months)
I am going to use this thread to update everybody on my progress on a daily or weekly basis. My goal is to have feedback, encouragement, debate and constructive criticism. I had originally started a blog for this pu...
Pari Thiagasundaram
Wrap around mortgage in the state of WI
Anyone done a wrap around mortgage in WI ? I have a property that i hold free and clear, but wanted to cash out. So doing a 30 year fixed now. In the meantime, i am advertising this property for seller financing so i ...
Warwick Ferguson
LLC leverage options
Hi BP.My wife and I are new to the US from Australia so are just starting out credit rating adventure.We're exploring options for 2 different strategies, BRRR or flip multiples and keep every other property to create ...
Jackson Cantrell
First time homebuyer loan worth pursuing in RI?
Hi everyone.I'm a long time Providence RI resident looking to purchase my first home. My goal is to buy a multifamily/triple decker in the West End and live in one unit and rent out the rest. I've got great credit, so...
Josh Pryor
BRRRR financing for a beginner
BP family, I need some guidance. I want to begin BRRRR investing, but lack capital. Big plot twist right? LolSo my question is should I save up the certain amount of cash to be able to buy the house and afford the rem...
Andy Sabisch
Question on numbers . . . . .
OK, quick question. We have found that the calculators on BP are pretty much spot on as long as you put in good data and have used them on several property purchases.So the question is, if you run the numbers and the...
JJ Cole
Closing costs mess up Cash return.
I typically buy houses worth 110-140K for 65-80K (cash) and then spend 8-15K on rehab before renting the out for 1150-1250/month. When I cash out refi. I end up have to pay $4k in closing costs on a 80-90K loan. Is th...
Brock Siebert
To buy or not to buy?
Am looking at a 2 bed, 1 bath SFH that is currently owner occupied.
asking price is $189K
Taxes are $4000
Looking to put $75K down.
It is very close to where I work and from all appearances ...
Bryan Hancock
Is Your Capital Working? Or Are You Working?
Lately I have seen a number of posts from what I consider some of our most respected posters on the board using standard procedures to calculate returns. One of the calculations that happens frequently is that someon...
Alicia Spence
Success, but did I do the right thing?
We bought this property as a buy and hold. 3/1 hot neighborhood- basically a gut rehab. My sister and I found the deal off market, and paid $160k, cash. After a brutal 4 month rehab, with a couple of all nighters near...