Tom Murphy
Sub 2 townhome for long term hold
We’ve put a 3/2 townhome under contract Sub 2. Assumed payments and rehab costs will comprise about 1/2 of what we’ll cash flow, which was the attraction. Since this our first townhome rental, what do we need to be ...
Eric Piccione
2% test or the 50% rule?
It is clear that neither method is perfect, however we want our first investment property to mainly be a cash flowing property. Appreciation is great, but for a house hack, we came across a 2005 home that does not hav...
Carrie A.
collecting rent via online
I just got my first deal going!!! The purchase agreement has been signed!!!! Now, thinking ahead in the future.... I'm looking for information about collecting rent online, so to speak. In this day and age, paying...
Thomas Talbert
Do You Accept Crypto Currency for rent?
Does anybody accept Cryptocurrencies as a form of rent payment? I have been asked if it was a possibility several times and have never accepted however An argument can be made that there are some substantial benefits...
Account Closed
Assuming a note on seller financed deal
I'm looking at a deal with 13 total single family rentals. The note is being carried by the previous seller and payments being made by current seller. The properties cash flow about 40k a year. We would be assuming th...
Mike Hoslar
Provide private lending to refinance existing rental property?
Hi, I have two rental properties in Calfiornia that are held in a LLC that is shared with me and one other partner. I financed both of these properties with traditional 30 year mortgages that I obtained from a bank. ...
Wil Reichard
Struggling to Refinance
I have been struggling to find someone to refinance a fully tented industrial building of mine. I was originally looking for a 75% loan to value. For a reasonable interest rate, knowing today’s markets. I’ve been told...
Adam Kayne
Can you still cash flow at 3% down?
Hi everyone!I am a first time homebuyer and recently qualified for a 3% down conventional loan to use for a house hack. My plan is to eventually turn into a rental after a couple of years and hold for at least 10 year...
Kacie Benson
What if I used the first-time buyer to get ahead?
Just a thought I've had for a couple of weeks now.
What if I used the FHA loan and paid the PMI for a condo where I live and then get a rental property? I would have to take HOA's into consideration but . . .
Buy ...
David Ingram
6 months' worth of mortgage payments saved up to be approved?
Hi all! I have listened to BP Podcasts, read about 4 books from Brandon Turner and I'm getting my ducks in a row before I pull the trigger and finance my first long term rental. Talking with a lender I may want to go ...