Rachel Cutler
Securing lending for a two party purchase
My boyfriend and I are looking to purchase an investment property, a long distance buy and hold, and are unsure of the process for keeping our finances separate. (We aim to purchase more in the future)
This will be...
Brandt Moore
Southern California Real Estate for a Newbie
I'm about a month out from finishing my first flip in southwest Iowa, and it looks like it should provide a decent return. I also have a good engineering job in Omaha, but in August I'm moving to Carlsbad, CA because....
Giovanny Garcia
Horizon City/El Paso Texas
Investment Info:
Single-family residence buy & hold investment in El Paso.
Purchase price: $177,000
Cash invested: $20,000
My very first real estate purchase. This is a 4/2.5 SFR in Horizon City...
Alana Higgins
Current rent makes DTI too high for conv. loan on investment prop
I live/work in Los Angeles, CA and want to purchase a SFR investment property in the Inland Empire (1-2 miles east of LA). This is my first home purchase and I'm having trouble qualifying for a conventional loan with ...
Kelvin Law
Sell or Rent
Two family house
Purchase Price: $880,000
Intend to sell for $1,380,000
Current information:
1 FL rent: $2600
2 FL rent $2300
Mortgage payment: about $3000/month (inc the property tax)
Utility: appx $1800/ y...
Lynzy Bailey
First multi-family purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $190,000
Cash invested: $35,000
This was my first multi-family purchase. There are 3 units in the...
Bradley Jernigan
A 50 unit Multi-family deal analysis
A 50 unit MF apartment is currently 90% occupied with rents averaging around 1000. If the cap rate of the area is around 6% and operating expenses are around 40% of the Total Gross Rental Income then what is a rough e...
Tony C.
Commercial lending on "distressed" assets
Hi BP - there may be an obvious answer to this question: do big banks usually lend on commercial assets that are vacant upon purchase? If I plan to purchase the property as is, demo all the structures on the land, and...
Farah Tatis
New in BiggerPockets
Hello everyone!My name is Farah. I started my investing journey in real estate in 2020 and managed to acquire a couple of multi family homes. I am looking to learn more about buying out of state and doing quick small...
Account Closed
Refi into LLC
If I buy a property as a primary residence with 5% down that is 30% below market value, then later down the road convert it to my first rental property, is it possible to do a cash out refi into the LLC leaving about ...