Hello, everyone! I've got a question for you. In June, I purchased a house, and we closed the deal in July using a conventional loan. Since then, I've been hard at work fixing it up, and our goal is to complete the re...
Hi all,I read about lease option and what I understand is the seller's loan is being paid by the renter we put in place for a lease option. My hypothetical question is, what would happen to the loan if the original se...
Can someone provide a numerical example of how to BRRRR your property into refinance? I'm confused with how much you can refinance. I.E. I buy a multiunit that needs improvement for 100,000. Rehab is done for 50,00...
I’m a student at a community college and I live with my mom, I currently work at Albertsons full time getting 500 a week, or 2,000 a month. My goal is to purchase a duplex using an fha loan whenever I get my associat...
My girlfriend and I are going to use an FHA first-time home buyer loan to purchase a duplex. My question is that if you need to live in an FHA loaned property, but it's already tented with leases through the next year...
Hello community! I am looking at a deal and wanted help analyzing it. The price has been lowered twice by about 10,000 each time to 249,900 now. It is a 4 unit comprised of 2 bedroom 1 bathroom. It looks to me that th...
Hi Everyone,This will be my first post and I was wondering if all the veterans could help this newbie out. I'm currently reading J Scott's book on flipping homes and I came across a section where it recommends looking...
I am borrowing money from a private lender to flip a house. What is the best way to protect my private lender ? Put them first on title? Have escrow file a promissory note? what other options do I have? I want to ma...
Hey there BP community. My name’s Tommy (36), currently living in NJ with a beautiful family. I’ve recently joined a few weeks ago but have been following the forums as well as the BP podcast for a little under a year...
Hello everyone! Question regarding my first rental property and taxes. I purchased my first rental property (4plex) back in July that’s taken a lot of expenses; down payment, inspection, repairs, rehabs, etc. From my ...