Hey everyone! I am currently about a month into my house hacking adventure here in OKC! So far everything has been going well. I have definitely learned that everything takes more time than I'd expected when it comes ...
So I've found an apartment building I like and makes money from day one. Only problem is that this is my first one so banks are very nervous. Only true mortgage offer wanted 65/35 LTV which puts my downpayment at a ...
We’re in the process of doing our first BRRRR deal with a HML. They are funding part of the purchase + rehab. Here are the numbers
Purchase Price: $85,000
LTV: 70%
Down Payment: $25,500 (30% down payment)
Rehab L...
Curious to know what everyone does in terms of buying homeowners insurance during a flip? Do you typically do it? Only under certain circumstances? Or just skip it altogether?
I am interested in a townhouse but I currently don’t have enough funds to make 20% down payment. I can make up to10% down. I have heard in multiple BP podcasts that it is possible to make less than 20% down, though ...
Hello All,Newbie to real estate here.I just passed my NJ Real Estate Exam. Looking to be a dual agent and licensed in PA as well but need to sign up with a broker first. Iv met with Century 21 Gold, Redfin, and 1 ot...
Hello all! I have read through the IRS documents in this subject and can’t come to a clear consensus. Here’s the situation: I and my spouse got married in our thirties and both owned a residence. We got married Decemb...
It is that time of year and this Winter has been extra cold in America. I wanted to share a few quick tips that have saved me from frozen pipes and a lot of headaches.My first tip is the most important, have your home...
Hi Everyone,I just purchased my first townhome that I plan to live in for a year then rent out. I am going to make some updates while living there. I plan to replace the flooring, paint the cabinets, update appliances...
Hello,I am about to hire a contractor to get flooring done in two of the units and wanted to know:If the rates quoted are reasonable? I have been quoted $1.40 per sq. ft for installation cost which includes removal of...