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I have a deal under contract and wanted to get other investors thoughts on the term of the mortgage I should get. The purchase price of the property is 200k and it is ready to be rented so no money will have to be spe...
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Ok.. So I've read a few real estate book, I'm no pro and yet obviously, and the advise I get from people in the industry hasn't been 100% true. My problem, I'm trying to prepare myself for my second buy and hold multi...
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I currently have two properties - 1 SFH w/ conventional loan and 1 duplex w/ FHA loan. Both were originally acquired as personal/owner occupant properties but are now being used as short-term rentals. Original goal ...
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Say you have $60k leftover every year to invest in rentals. Assuming 25% down, that's a couple homes valued at $120k a piece that one could invest in. I'm sure most banks would allow you to have 2 homes financed; howe...
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Hey everybody,I'm new, and trying to figure out my plan for the foreseeable future. As I am very interested in buy and hold investing, I'd also like to automate this investing as much as is reasonable. Thus the proper...
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How accurate is it that banks these days will not write mortgages for properties under $100,000?
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I just recently used my 10th Fannie/Freddie mortgage so I’ve been diving in to learn about my lending options moving forward. I spent the day yesterday calling local banks and here’s the decision I’m trying to make:I ...
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I currently am under contract for my next rental property. This will be the first rental property that I have bought since getting married and having my first child. My wife and I combined our finances when we got mar...
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Hello everyone! I finally made the jump to PRO and it feels great to be here. I just wanted to take a second to introduce myself to the BP PRO community. I have been a long-time BP 'lurker'...reading every forum an...
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I am a newbie currently working on a business plan and ready to do some deals. I see great opportunity, in my area, in buying forclosures at auction for quick resale. I need capital. I'd like to here everyones input o...