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FHA 203K Renovation Loan - Questions
Hello BiggerPockets family!
I have a house under contract that I am using an FHA 203K loan to purchase. I am completely new to all of this and was hoping to get some advice from everyone here.
My first questions is...
Pat Brown
First Time Buyer in Austin/Round Rock
Houses here are going in 2 to 3 days so I have to make a decision fastLooking at a 207k house that would only yield a $150 a month positive cashflow. But houses are appreciating fast here at a rate of 10 or more a yea...
Matthew Swearingen
Where to Invest STR or long term....preferably a vacation rental
I live in Roseville CA and recently bought my first income property. I put 20% down and the rent covers the mortgage. I bought it for the long term equity appreciation. In the next couple of years I can probably make ...
Barry Rupisan
Questions about Refinancing after Renting (BRRRR strategy)
Hello All - I am a newbie to the whole REI world. I have been reading up on the forums and listening to the podcasts but I cannot quite find the right answers to my questions. I am thinking about using a hard money le...
Oleg Reut
Strategy Advice Needed - What would you do in my position?
Hi All! Long-time lurker, first-time poster. I've recently sold my home-improvement business in SoCal, and plan on moving my family to the Tampa/St. Pete area in the next 2 years to be closer to the in-laws. I've alwa...
Ronald Perich
Increase monthly cash via solar power?
I have been listening to the podcasts with regularity - they are great for a person on the go! One area that interests me is the idea of more cash flow by bringing in other sources of income.I'm wondering about the us...
Paul B.
Is now really the time to buy real estate?
I was talking to a friend about how I think now is a great time to pick up some SFHs and small MFs on the cheap (we're talking about an average of $40K per door), and holding them for current cash flow (rents of 1.5% ...
Annie Tran
House Hacking: is it worth the higher house price?
I’m based in Utah. I’ve been thinking about househacking and would appreciate some advice, since I still don’t quite understand the advantage of house hacking. Two scenarios:
Scenario 1: House A
- Purchase price: $3...
Vlad B.
What is a better strategy today?
What does the BP community think is a better strategy right now?A) Buying a small multifamily in a market with low inventory for $50-75K down and getting a rate in the 7-8% range. Being OOS with a property manager wat...
Llewelyn A.
Listing Broker May Not be Submitting my Offer to the Seller
About 2 weeks ago, I submitted an Offer to Purchase a Property for a Client/Buyer.The Seller's Agent got back to me and said that there is currently an offer with "No Finance Contingency" and because my Client will be...