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 ...
Juan Martinez
Private money and Mortgage loan.
First time investor here.Working toward my acquiring my first deal.I don't have the money for down payment but step-dad said he would provide a loan for it at low interest (he said he is doing it more to help me out b...
Nicholas Duncan
Best option for financing owner-occupied?
Hello everyone,I'm currently a student going into my final year of college, and I've been looking at buying an owner-occupied multifamily home as soon as possible. The area I'm in has quite a few options that are with...
Chad Zaback
Bouncing from bank to broker after private money pulled back.
I have been finding out that the people that get "interested" in investing their money in real estate seem to cool down by the time I put a deal together. I am currently going through the process of getting loan throu...
Ryan Copeland
What is the value in purchasing MF property on MLS right now?
Hello BP,I've been getting a lot of notifications from my Zillow saved search criteria for multifamily properties. All of these properties have a high sales price and I definitely would not "win on the buy". Yet the...
Vincent Plant
Past due tenants, next steps
My tenants of 3 years have now found themselves in a hard place. They have been great tenants for the last 3 years, occasionally they’d be late but would always come up with the rent and tack on a late payment without...
Doug Coup
Fix n flip loans rates, points
Made offer. Trying to get pre apprival letter and finance fix n flip so i dont have to use heloc. And cash reserves.3br 1 bath with multi pin lots. Will subdivide later.150k. 40k reno. Arv comps should ve 225 to 245k...
Tami R.
You need to cash my check they day I give it to you......
We do not have the portfolio as most of BP members. I work full time in a career outside of real estate. We have between 55-60 homes. I swear the longer I am in it the more I hear, "why don't you cash my check imme...
Rick Shepard
Cashing out a lease-option...
We have a free & clear house in Huntington West Virginia that we have sold using a lease option. We sold the house for $17,500 and get $500 per month at 11% interest. The buyer is employed and has made 6 regular p...