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I have a deal for a House with a balance of $175,000 25 years remaining. The homes in area are currently selling for $85,000. The current debt service is $1,700 including HOA fees. I can get a rent of $1,500 for the h...
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BP Community,What's the best software to self manage rental properties?I self managed properties up until about 13 years ago, then switched over to Professional Property Managers after my portfolio grew. Unfortunatel...
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If I were to purchase an investment property utilizing funds from my SDIRA and thus owned by the LLC which my SDIRA is invested in, would it be legal for me to purchase that property using my personal from that LLC?In...
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Just signed a contract to purchase rental #15. It is my intention to STR the subject property. I signed a contract to purchase this property subject to the mortgage. I would hate to have the note called and have to pa...
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Hello BP, I am in the process of getting a commitment letter from a Lender to comply with contractual terms. I am shopping around for the rate for a closing to take place sometimes in Oct/Nov but to get the builder kn...
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Would it be possible for me to use my first home (primary) potential rent income as qualifying income towards a second home?
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I am buying a condo hotel. The loans are more difficult to get as expected but one lender and a good rate except one. However, they are a commercial lender apparently (not residential) and have no NMLS. Is it legit? A...
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Hello BPers, We are in the midst of stabilizing our first real estate investment. its an 11 unit apartment complex that was severely distressed and empty when we bought it. located in western PA in a college town fo...
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Greetings from Cary, NC. My name is Alex Walker and I am new to real estate and this forum. However, I come seeking advice on a project I’m pursuing this year.
I am developing a concept to up-cycle shipping container...
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Hi all,
Does anyone have any recommendations for a lender that will do a cash out refi in less than the 6 month seasoning period?
Thanks