Hi BP!
I have been researching the different financing methods, and would prefer to use portfolio lending for its better rates on my first flip. I have roughly 60k liquid available as a down payment if needed, and th...
I used to flip houses but then needed to stop due to family issues but now I’m looking to get back into real estate and I want to start with the BRRRR method to start building my portfolio and start getting some passi...
Investment Info:
Single-family residence buy & hold investment in Chesapeake.
Purchase price: $52,100
Cash invested: $52,100
Condo forclousre, worked with wholesaler paid $48100 at auction and $4...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lockport.
Purchase price: $63,000
Duplex (Upper/Lower):
Purchased for $63,000
Put approximately $8,000 into upper unit (Paint...
Hi all, My wife and I now own 4 rental units, and are looking to increase rapidly and wisely. We purchased a 3-unit with a HELOC (Home Equity Line of Credit) from our home. We now have the option to pay off this lin...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Minneapolis.
Purchase price: $185,000
Cash invested: $185,000
Duplex Multi-Family Investment Property Purchase in NW Minne...
About to close on a refi of my primary residence (VA IRRRL at 2.34% - $250 month savings).Should be getting 12k cash when we close. I have 9k left to payoff my vehicle (2.5% interest rate/$400 monthly payment). Trying...
(Price: 100 unit @$4m-$5m PP, @$1m down)
ACCURATE CONSERVATIVE RETURN NUMBERS FOR APARTMENTS:
Income #1)Cash flow:@8%-10% ROI =$6.7k-$8.3k/month =$80k-$100k/year
Income #2)Principal Pay Down: @33% minimum of $3m m...
The situation:
My current home is 100% paid off. I plan on taking 30% of the value "cash out" to help with my down payment on a new residence (upgrade home) to keep me out of a 'jumbo loan' situation as well as be a...
Hello,Can anyone discuss what their typical finance approach is to buying, rehabbing and refinancing their B&H houses?i want to avoid HML and PML if i can (i'm more amenable to PML, but i feel like to need to have...