Hi guys,
I'm about to sign a contract for my first purchase as a homeowner. It's a two-family in Brooklyn with a furnished basement. It's a bit out of my price range at $667,000, so I'm using FHA with 3.5% down, and ...
I haven't posted for a while so I thought I'd start with a little "Win" story on a flip I did and pose a question at the end (not a huge win but everyone likes to hear about a project go well right?).
Bought a place...
Which type of home has the least waste of money: a $75,000 mobile home, a $250,000 condominium, or a $500,000 house?Less interest is paid on the mobile home and condo, but condos may typically appreciate less than ...
What are some of the best ways to stay within or even under budget? I've learned a lot by trial and error but I'd still like to further educate myself on this matter. Any input would be greatly appreciated!
I been runing the numbers and filtering through a ton of properties over the past few months and have yet to make an offer on anything that hasn't already had multiple offers on it and gets snatched up. I've had my re...
When analyzing out of state deals on MLS or Zillow, how do you estimate your rehab cost? Is it based off the photos or virtual tour available online? What if little to no photos? According to some BP posts/webinars...
I have a property I own free and clear and want to do a cash out refi for around 40k. Should appraise for around 60k I am past the 6 month seasoning period. I have found a local lender that can do it but the closing c...
Hello BP!
My husband, @Luis Vellon, and I decided to move our growing family from Florida to Phoenix this year in March. He played poker professionally and I was an assistant principal, but we decided to embark on ...
Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM. I am refinancing 5 properties at LTV 60%, loan amount is $395,000. Lender is a small local bank.The DD took for...
While this may be common knowledge for many people, it's something I've been running into a lot with first time home buyers that I'm working with. Everyone is most concerned with the the number in the interest rate, a...