Hi Everyone and Happy New Year!I apologize if this post comes up twice. I don’t think it worked the first time I tried. I am new to buying and holding. I live in SoCal where mls homes do not cash flow positive. I have...
How do you tenant proof your rentals? I was listening to BP show 48 and they gave a few ideas. I listed a few of them they discussed plus some from this post. What else do you do?
Screen tenants thoroughlyUse 5/8 dry...
My next purchase will probably be made with a Homestyle Renovation Loan.
I agreed to pay the seller the appraised value seeing as prices have dropped a lot in my area.
However, the way this loan works -- the renov...
Hello!I just bought my second home, a complete fixer upper that I plan to use the BRRR strategy on. I recently discovered that most cash-out refinance programs require that you maintain 20% equity in the home, which m...
What approach are you taking with impending interest hikes?
-Buy now for a higher price but lower interest rates
-Wait for prices to go down if interest rates go up (decreased demand) and deal with higher monthly...
I've been researching and reading forums and other people's stories. I've read that high property taxes in Texas makes it virtually impossible to realize positive cash flow. Is that a true statement? What strategies s...
Hello,I bought a property (SFR) earlier this year and completed the rehab and renting. I waited the seasoning period for the conventional mortgage (6 months) and spoke with the lender this morning. I was offered a 5.7...
I have been saving for 2.5 years now working two jobs while attending undergrad. I graduate this May with a job lined up at a Big 4, 25k saved and 3 years of building credit(760). I will be in Los Angeles so a tough/...
Hello Everyone! First time using Hard Money lending. I need your advice to see if the terms are fair from this local hard money lender. The want to set me up with a $500,000 LOCPersonal guarantee -Interest: 9.99%-90 d...
Hi BP Community!We are getting set to close our biggest CRE investment here in about two weeks and since it is a hybrid of creative financing and an SBA 504 loan, we wanted to share some lessons learned since we have ...