Cash reserve requirements just changed for conventional financing! 6 months PITI is required on subject property, always! If you have 1-4 financed properties than it is now 2% of all unpaid principle balances.If you h...
Hello all,I have an SFR that I bought 3 months back (cash) and I want to do a cash out -refi on this property, so that I can re-invest. The property is located in Columbus Ohio and is currently rented out with a one y...
Hi BP,I'm currently in a situation where my partner is providing the funds for 2 buy and hold deals but does not want to be on the loan since he has been on other deals. My income and credit are more than enough but m...
Investment Info:
Single-family residence fix & flip investment in Lincoln.
Purchase price: $70,000
Cash invested: $40,000
Sale price: $134,900
Our first flip! We bought the property from our ...
Hi BP Family,I just moved to the Philadelphia area with my wife and daughter from San Diego and don't currently have any true income coming in. I've never done a deal and I'm here to learn the ropes before diving in (...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $182,000
Cash invested: $62,000
Two unit property Unit 1 is a 4/2, Unit 2 is a studio with 1 bath. Purchased...
How do you all go about saving money to have an ample security net before investing in a property? Do you throw your money into a basic savings account? Does anyone use mutual funds, etc. to let your money grow while ...
Investment Info:
Single-family residence buy & hold investment in Tampa.
Purchase price: $328,000
Cash invested: $50,000
Sale price: $495,000
Purchased this Bank Owned property in an auction ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $48,800
Cash invested: $23,500
This was an off-market deal that one of my team members found. The seller owned thre...
What questions should I ask a inspector prior to hiring?