Katie West
Looking to take the Next Step
Hello everyone! I'm looking for advice for my next deal. So, I bought a house 4 years ago for $85,000. Lived there for 3.5 years and did some fixups on it, and then bought myself my "forever" home in May of 2020. ...
Nick Pina
Fix and Flip in Kansas City Suburb
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $48,000
Cash invested: $135,000
Sale price: $226,000
We found this deal by driving for dollars and using the de...
Frank Lockett
Can I buy this building?
Ok, So I have been a landlord since 2001, I was up to 4 properties in 2007. Hit in 09 by the market crash, took me down to 2. That being said, I closed this past November on a duplex 157k, in the process of remodeli...
Benjamin Barredo
Hard Money
What are points in a hard money loan? I read that if you can't afford to close, you shouldn't get a HML. What does that mean? I know I sound like a newbie and it's because I am. I'm desperate to get a contract and cal...
JD Klein
ROBS or SDIRA - 20 year plan?
Trying to figure out a 20 year plan to use a ROBS or SDIRA to invest and hold RE. My ROBS/C Corp just sold a franchise. Now I have capital to invest. Here's what I've learned lately. Again - trying to think about a 20...
Alexandra Scardo
Logistics of using private money as part of the cash to close
Next week I have a tentative closing date on my first flip! I have a hard money lender and I’m using private funds from family as the cash to close. How do I actually move that money around? Should I have my private l...
Shawn Varner
New Construction 4-Plex - Financing and other Advice
Hey BP, I've recently sold off my Vacation Rental properties and I'm looking to get into small Multifamily Rentals. Everything in my area is priced too high to have any sort of positive cash flow. So, I've been lookin...
Robert Zazac
Ideas for funding/financing multi-family properties!?
Hello BP members! I am a Pittsburgh investor currently shopping for a new multifamily (2-4 unit) buy and hold. I have come upon a triplex, fully rented on 1 year leases and cash-flowing, that combined with operating...
Grant Amsberry
25% down on my first rental property
I am in the process of getting financing for my first rental property. The lender wants 25% down. Is this standard? Are other lenders more flexible?
Rob Flagg
1-4 Unit Non-Owner Occupied Financing - 80%+ LTV?
Hi Biggerpockets!I have a question for those seasoned veterans out there that have more experience in the financing of 1-4 unit non-owner occupied multifamily. Let me start with a preface first: We purchased a townhom...