Robert Guilfoyle
25% Down on a 4-unit Rental Property??
I am putting in an offer for a 4-unit rental property. I just spoke with my mortgage guy and he is indicating I need to put down 25% since it is a rental property? I thought I could do a 20% down payment?Thoughts?
Randolph Bartholomew
Townhome or Single Family Home
I am debating whether or not to make a purchase on a single family home or town home property. Wanting to use this property as a rental, my question is whether or not a town home property will be a better investment. ...
Pratik Desai
How to get money out from rental / investment property
I am new to real estate investment. I recently closed on foreclosed property that required me to buy property on cash. I bought this property with 30K cash. Initial repairing expense is 5K. I am hoping to get tenant i...
Aaron I.
Is the BRRRR strategy have seasonal limitations?
I was very inspired by the latest Webinar on the BRRRR strategy. I am curious as to if anyone has done this and found that undergoing a rehab in an offseason was detrimental? For example:Purchasing a home in Sept. and...
Patrick Nuciforo
Refinance/Cash Out - Did I mess up?
I turned my primary residence into a rental property. Did everything right by getting the correct insurance into my business name and changing the title into the business name (cost over $2,000 to the State of Florida...
Daniel Apke
Hard Money Loans vs Refinancing
Hi BP community. I currently own two rental properties and I am looking to buy a few more. I have the option to refinance one of my properties for cash or I can go through a hard money lender. My goal is to buy, renov...
Crystal Sherman
Using a credit card for investing
Has anyone used a cash advance on a credit card to finance a property? We have some high limits on a couple of credit cards with the interest rate being either 0% or 4%. My husband is military and the rates won’t chan...
Jeff Mueller
Brrrr, preforclosure, Love some feedback
Hi y'all, This is my 1st time running the calculator. I would love some feedback to see if I missed anything. Pre foreclosure. The homeowner owes the bank 102K. The comps I found suggest it would sell for at least 3...
Ryan Maier
New Member in Minnesota looking for networking opportunities
Hi guys,My name is Ryan Maier and I’m from Belle Plaine, MN. I’m 40 minutes sw of MINNEAPOLIS. I’m new to real estate investing and am currently looking to move my retirement savings to real estate. I’m looking at a p...
John T Lizzo
Second Buy and Hold Rental
Investment Info:
Single-family residence buy & hold investment in Urbana.
Purchase price: $72,800
Cash invested: $16,500
Second investment in college town of Champaign/Urbana. Single family home ...