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Cons of Hard Money Lending for 1st Property
I'm new to BP and to REI, but I'm ready to make my first purchase. As I've been hunting for the right duplex-fourplex, I've gotten as far as applying for a deal I'd found, only to find out my credit wasn't sufficient....
Jonathan Farber
What is the refi seasoning period if you buy cash and refi :)
How long do you have to hold a property after you purchase with cash before doing bank refi? Reason I ask is because I would like to buy a competitive deal with cash and convert it to a bank refi loan as soon as po...
Al Carvalho
North Jersey Newbie
Hey everyone, my name is Al Carvalho and I'm located in Jersey. I currently do not own any properties. My short term can goals can either be cash flow or flips for fast capital. My long term goal is cash flow. All dep...
Rob Bianco
Investing in Montreal from the USA
I am exploring potential markets to invest in as I diversify my real estate holdings and I'm curious if it makes any practical sense to look into investing in Canada (specifically Montreal) from the USA? I'm unsure of...
Amy Van Ollefen
Confused about LTV for Hard Money
I've read a lot of posts about this, and am still a bit confused. If I am purchasing property that the asking price is $99500 and the appraisal is at least $155K which makes under 65% LTV, if I am getting a hard money...
Liz Weiss
Waikiki or Colorado Springs?
I have FINALLY nailed down my top two choices for a destination to begin my first STR. I have done tons of research on both places and I understand the regulations for each. I am just wondering what others opinions ...
Nkechi Jarvis
How do I handle this... Breach of contract to lease my property?
A tenant signed a contract for a long term lease to begin March 10, 2023. The property is a 3 bed, 3.5 bath near downtown Houston. The property was fully furnished as I had it on Airbnb and Furnished Finders, but due ...
Matthew Cook
Advice: Sell in Colorado, buy in OH?
Hello Everyone, I’m looking for some advice. I’m a new Investor looking to get into the game. I’ve been researching and educating myself for a couple years while saving, paying down debt, and getting in a good positio...
Sandra Roddy
One Commercial Loan or Two HEL
Currently, I have two small starter homes that are paid off. In order to expand my portfolio, I am looking to use their equity to purchase more properties. Going by the 70% LTV ratio, I will be able to pull out roug...
Mo Farraj
With so much debt involved - when do rentals finally pay off?
Hello BP Community,I've been listening to podcasts, and reading all about rentals for the last 6 months. Now I had a quick question from all of my readings. What tells you a deal is worth your time? Looks like most of...