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...
Andrew Bosworth
Deal analysis
Looking at what would be my first multi-unit property. Would appreciate feedback.It is located close to a major college (branch campus), which is rapidly growing. It is also close to a small international airport, s...
Collin Smith
Zillow value is double what I paid!
Last year in September I purchased my first solo investment property. It is single lot with a SFH and a separate duplex on it. I purchased it for $96,000 and it generates $1700 a month in rent, with a 15 year mortgage...
Jeremy Greenwald
Completed my first BRRRR!!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $180,000
Cash invested: $120,000
Our first BRRRR was a quadplex outside of Atlanta. Bought for $180k in 2023...
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...
Nicholas Preston
Bank refinancing question
I went to a bank today and I basically want to perform the refinancing part of the brrrr system. The banker told me I had to own the property for a year before I could refinance at the appraised value of the house. I ...
Chris Igard
HUD 203B escrow repair loan
Does anyone have a good working knowledge of the purpose of this loan is for? I can never get a straight answer from my real estate agent or my loan guy. My understanding is that it will cover up to 10K in repairs....
Jackson Long
Ways BRRR can go wrong?
What are some ways BRRR can go wrong?Buying wrong, multiple vacancies at once or sudden capx without enough cash behind...? What are some more?
Bryan Hudson
No down payment with "properly" written purchase agreement?
Some time ago, better than 5 years now, I encountered a couple who claimed they avoided the down payment by often taking care of it in the purchase agreement. Their claim, was that they would get the seller to agree ...
Daniel Michael Phelps
Cash out Refi or traditional mortgage?
Between the two scenories, Which one generally offers the better interest rates and lower cost of obtaining the loan when dealing with bank financing? Option 1) Do a cash out refi on a property that is currently paid ...