Kera Covani
When do you refinance after a BRRRR
Hello All, I would like to BRRRR a few SFH's. After further research, I have been told by more than one lender that you have to wait one year to refinance the property to get the initial cash out. This explanation for...
James Derrick
Beginning in Houston, TX
Hey BP team,My name is James Derrick and I am finally serious about beginning this real estate journey. I am most interested in B&H passive income (possibly multifamily house hack), but am also considering flippin...
Nick Spenello
To BRRRR or Not to BRRRR
Hello BP!I purchased a 3/2 SFR with an unfinished walkout basement last summer. It is a SFR, but I have been renting it to college students by the bedroom. I was able to convert a spare room into another bedroom, so t...
Michael Sheridan
North New Jersey Expenses
Being an NJ native and simply loving the state and the North Eastern parts proximity to NYC, I have started my search with a deal in northern NJ. However as anyone who is from NJ would know it is expensive. Has anyone...
Hannah Krebs
Oil Tank Troubles on an REO
I'm currently in negotiations on a house that has an oil tank buried beneath the screen porch. It's an REO and the bank has had previous deals fall through due to this seemingly minor issue. The bank initially offered...
Ryan Cash
BRRRR Question with numbers, our first deal
My question is, should I refinance and get as much money out as I can, or not?Specifics:Duplex, bought/rehabbed for $210K ($60K of our own money) We owe roughly $150K.ARV: $265KInterest rate on current loan: 4.875%Cu...
Joseph Seago
Mortgage and owner occupy Questions
Good day everyone!I'm not an investor ...yet and new at this. I would love to listen to you guys opinions ( right or wrong and what should i do ? ) and thank you in advance. :-)I'm planning to buy a property in DFW ar...
Caleb Anderson
My partner paid all cash- Set aside $ for vacancy?
Hey BP Community!My partner paid all cash for the buy-and-hold we are working. Without getting too far into details, he's providing capitol and I'm managing the deal and tenants. I have been estimating putting 5% towa...
Ian Pearson
How to Get From Start to Finish On a Deal
Hey BiggerPocket Community!My name is Ian and I've learned a lot from here and other resources. I recently spent lots of time doing the math of different properties (which I find fun) and I believe I found one I want ...
Steven Silbert
Should I BRRRR with the interest rate I landed?
Could use some advice!I closed on my second home in December 2020 and managed to land a 2.25% 30 year fixed interest rate. The house:Purchase: 410,000OOwed: 320,000Location: Columbia, MDBuilt in 1976 with 2020 ssqft5 ...