Keleisha Carter
[Calc Review] Help me analyze this Memphis deal
I'm trying to analyze the numbers using the BRRRR calculator, but I'm getting habit confused. Here are my questions below about this report and would love your input1. Will I need $41,648 (refinance) or $42000 (total ...
Shaune Pilcher
Owner Finance as a Seller
I own a commercial property that a current tenant has approached me about selling to them via owner finance. Which I am very open minded to as I was thinking of listing the property anyways. I have searched a little o...
Lisa Winklepleck
ARV Estimations Help
Hi everyone, I'm in the process of analyzing my very first purchase and am struggling figuring out the ARV of a prospective house. I understand that the ARV is the value of the house the bank/lender appraises your hou...
Austin Sanne
Can i rent my house out?? Question about owner occupancy
Ok i am just curious about the owner occupancy guidelines on a fha loan...it says you must reside in the property for atleast one year..ok ive been in the house for 4 years so im not worried about that but then i foun...
Patrick Shep
Purpose of HELOC
I inquired with a lender on information on a HELOC. He asked what the purpose was and I told him it’s for investing in real estate to buy under valued properties to refinance or flip. He told me that I shouldn’t put t...
Irving Gonzalez
Buying a second multi-unit property
Hello, I am looking for advice on how I can leverage my first investment property (house hack), to help purchase a second property. I have reserves saved up for my first property. I am hoping to see how I can purchase...
Account Closed
Refinancing out a private lender
I've got a potential deal in the works. I could be purchasing for $30k with $20k in rehab. I've got a private lender (family member) who is willing to lend me an interest only loan on the entire amount.
This will...
Kelly McMillan
Mold! How to finance/remediate if I can't appraise?
We have an offer on a duplex with some extensive mold. I've dealt with mold, and plan on gutting and renovating regardless, so it is not a big issue. However, I didn't realize our mortgage broker can't get an apprais...
Jim L.
Brrrr method without all cash
I just started reading the BRRR book and I have not finished it so maybe I am getting ahead of myself but it seems like this method only works if you are starting off or eventually use all cash to finance the deal? Do...
Jonathan Dickerson
Seller Financing Deal Structure
An investor friend offered me first crack at buying his paid-for 5bd/3ba SFH that appraises for $500k and is currently rented for $3k/month on a 12-month lease. Expenses HOA - $125/month,TAXES - $222/month, INSURANCE ...