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Hey everybodyI am wanting to know what role does your 401k play when it comes to investing. Do you use it as reserves when getting a loan? Do you still contribute to it?What benefits does it give when buying rentals? ...
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HiWe purchased an CA investment property when rate are at 8.25%. I wonder when I should refinance. Some options are:-No point - rates at 7.75%-Can buy down to 6.99 but cost 1.5%-Wait till next year or later when rate ...
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Hey BP community, Here is a little bit of background on our current deal:5/3 SFH on a quiet residential street in Hudson Valley, NYList price: $135,000 Taxes $6,000 Very good condition, HVAC systems are 2009 or newer,...
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Hi BP nation! I am looking into renting out my current home and purchasing a new one. I've done some reading and spoke to a few people and they have said that it is possible to rent and use that income to show when ap...
Hi all,
Looking for some advice from the BP community. My Fiancé and I have the goal to create $4,000 of NET cashflow per month in the next 5 years. Here’s our financial situation.
Income: Approx $120,000 between th...
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 ...
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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...
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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...
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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%?
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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 ...