I have a rental property that’s is valued at $85,000 and owe $58,000 on. I have a 30 year loan with quicken loan at a 5.625 interest rate. I currently pay $800( principal and interest, tax, insurance, and pmi) for my ...
Hi All,
I'm new to the forums and real estate generally. I was interested in house hacking in NoVa/DC and was curious about others' thoughts with respect to feasibility and any personal experiences house hacking in t...
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Hi everyone, I'm new to BP and this is my first post.I'm working on a triplex deal in Southwestern PA and I'm working with the property owner and leaning towards seller financing.Once all renovations are done, and I h...
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Hi everyone, I'm looking to use the Brrrr strategy for my 1st deal but instead of just renting it out I'm wanting to do a lease option/ rent to own to lower my expenses and increase rent and cash flow. I'll be using...
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Cart before the horse... chicken or the egg?I am about to conduct my first deal. It will become a rental. I know at some point I will want to place properties in an LLC to limit my exposure. But....when and how. Step ...
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Hi BP Community! I want to start investing into rental properties... I worked hard and saved for many years and now I have $40,000 saved up (aside from my $15k emergency fund) to use as a down payment on a rental prop...
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Wasn't sure who to reach out to about this and when I found this forum figured it was worth a shot. I am a first-time investor and while connecting with people across my network a friend of mine, a mortgage broker, of...
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Hello,
I am new to REI. I am interested in the buy and hold strategy. I bought a home in 2020. I do not have the capital to buy another property myself. When raising capital, do you need enough $ for the entire pric...
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I currently own an SFR for a little over 2 yrs now. My question is what is the best way to use the equity to go buy another property? And how long do you build value in my first home before buying another property? Re...
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I need to know if I can get my Earnest Money Back on a pending Real Estate Deal. Pertinet to the deal and to avoid a long scenario. I paid $500 to the Agent of a seller based on a pre approval letter from my Lender....