All Forum Posts by: Adam Philpot

Need some advice from the BP veterans. I just made my 8th offer on multiunits and have lost every one this year! I can’t go all cash but doing 20% down (Price Range: 250k-400k). I’ve offered 10-15k above asking on my last 2 offers. Is there something I can be doing to sweeten the pot and make my offers more attractive? I always do contingent on inspection and not really willing to budge on that one. Any advice would help

I’m always hearing on here about how investors only put down 10% or less. How is that possible with investment properties? I’m always told minimum 15% for investment properties.

Need help! About to buy my first rental. I'm going to use the Brrr method. My plan is to use a HELOC to buy a foreclosure. Any good discussion out there around the Liens and how they work? Does the 1st 2nd or 3rd lien come with the property or am I in the clear? Should I be worried about any debt on the house other than property tax? Thank you! I'm so appreciative to have this network!

Thanks antione

I'm looking for my 1st property to rent. The area I'm looking doesn't have much listed on real estates sites (Zillow, rent.com) to compare the expected rent. How can I find historical rental comps?

My rate is already pretty low so I don't think I could get it lower. Thanks for your advice

My residence has grown about 150k in value since we bought it. Is it better to take out a line of credit against our residence or take out a conventional loan for a rental property. The house we live in is in my wife's name so technically I could get an FHA loan Thank you in advance Adam

I keep hearing stories on bigger pockets where people do conventional loans on rental properties with little money down... every time I talk to my agent he tells me minimum 25% down on an investment property. Anyone out there help me understand what I'm missing? Thank you in advance Adam