We are looking to expand our portfolio of short term rentals and need some advice on how best to finance our next property. As we are new to the investment business (short term rental experience 10+ years) we do not ...
Hey BP, I wanted to do a quick post on the different ways you could potentially fund your current project whether it be a flip, rental, etc. 1. Conventional: This loan is a bank loan that is looked at as cash, there a...
I constantly hear people online (Social media) talking about getting an FHA loan and house hacking a 1-4 Unit property. They say to move out after one year, find a tenant for the unit you were in, and buy another prop...
We are all in the same boat. I have been sitting on a great rental for 2 years waiting to refinance. Has anyone found a way to refinance and get cash out for a rate better than 7%?
Hey everyone,
I have a buyer ready to submit a full asking price offer on my flip, but the 90-day flip rule won’t be lifted for another two weeks. I really don’t want to lose this buyer—what’s the best way ...
When I first started in real estate investing I had multiple lenders tell me “no, you can’t lend on that”. And I took their word for it. I thought “If one or two say no, then they all must say no”. And that was com...
I've been browsing this forum for years and listened to countless podcasts and I purchased 2 books by J.Scott who seems to be the father figure here in BP.I feel like the only way I can finally "get it" us by doing it...
I want to confirm that I am correct:For the first multi-family, which we are going to occupy, I can put down 3.5% with an FHA, whether it has 2, 3, or 4 units?Then for the next multi-family home we buy, we'll need to ...
We definitely need some advice moving forward. Thanks in advance !!!Me and my wife combine currently make $55K a year which will potential go to $70k a year with my new job offer. I'm currently in the background phase...
Hi I am trying to get a deal figured out. Weve got a house in Huntsville TX that my wife and I are wanting invest in. Our plan is to purchase this house, Reno it and move into it as quick as possible so that we can...