Hi All,I want this discussion to focus on the latter as I've found it pretty simple to understand the pros/cons of Cash out Refi vs HELOC and the strategic purposes each can have. However, I wanted to reach out to th...
Investment Info:
Single-family residence buy & hold investment in Middletown.
Purchase price: $110,000
Cash invested: $70,000
I purchased this 2 bed 1 bath in the summer of 2019 for $110k. I pu...
I've had this idea for a number of years but just haven't pushed on to do it. It can't be manufactured or mobile home and of course we'd have to do all the permits and if I'm coverting an existing building I'd have t...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $19,000
Cash invested: $42,000
Sale price: $120,000
This property was originally a SFH with a detached g...
It seems like if a flipper set up and remodeled BRRR deals they could avoid any market ups and downs (Flipper = Buy, Rehab). In BRRR planning you should start from refinancing the monthly rents backwards. I actually k...
Didn’t see a thread for midterm rentals so using the short term thread.I have a portion of land on my Primary residence I will be putting a ADU on for mid term rentals to traveling nurses and college students. My init...
I inherited a property that I own free and clear. However, I need to rehab it before I rent it. Which calculator do you recommend that I use? I've watched all the calculator tutorials but do not know which one will be...
I am the heir to my fathers home. He has a reverse morgage and is still living in the home. Can I buy the house from the company he did the reverse mortgage through? If so, will I owe the total worth of the house or w...
If I get a property under contract that has a mortgage. Is that mortgage then in my name? Who's responsible for the mortgage and will the lender allow the sale of the property with a mortgage on it. Thanks for the hel...
Hello fellow BP's. I need some advice, looking to purchase 2 single family properties with real good cash flow. Owner is good friend, and giving me a great deal on both properties. My goal is to purchase then turn aro...