Hi everyone,
I purchased a property recently on SI, NY. There has been such a journey with renovations and the person repairing the property, but hey!, nobody said it would be easy... Anyway, after appraisal we were...
I'm just posting this as a warning for newbies. Obviously, no one can predict the future and no one knows what's going to happen next year, the year after, etc. But most apartment markets are at or near the peak in ...
My understanding is you can get a DCRS loan at 1.2 - 1.25 debt service coverage.
Assuming the property is currently being used for short term rentals:
What is stopping me from acquiring a property having less than t...
Example: 400,000 purchase price 80% ltv 1st mtg.= $320,00015% ltv 2nd mtg.= $60,0005% down payment= $20,000Avoids Monthly PMI payment Very strong financing program for multiple reasons
My fiancé and I are currently in negotiations on a triplex and the inspection revealed some unexpected repairs. With the cost of repairs and the down payment, I’m wondering if we are in danger of over leveraging ourse...
I am looking at pulling the trigger on my first home purchase this week. Possibly as early as tomorrow. Just waiting on confirmation of a few more things. The details are as follows.4 unit 8 bed 5 bath total new co...
Hi BP community! I'm torn between 2 options for getting started in real estate and am looking for some extra feedback to help make an informed decision.I am ready to start investing, so I reached out to my credit unio...
There are few times in our history where there’s been more uncertainty about what things will look like in the short-medium term future. There have been a lot of posts on BP espousing opinions and predictions about w...
The time has come for some exterior repairs on my rental property. We have owned the property since 2006. Lived in it for 8 years and have rented it out for the last 7. Interior is up to par with the market minus some...
I have a property that we are selling as a FSBO we have had a ton of interest in the property, but our two most solid prospects are interested in Rent to Own. After discussing with my business partner I broke down the...