- 4,900
- 1,145
- Joined
- Apr 12, 2011
You can get pre qualified where they dont run your credit but look at all of your financials. I did it 2 years before buying to get an idea of where i stood and what i had to work on.
- 295
- 849
- Joined
- Aug 19, 2015
I don't think its a bad idea to start looking around. Like @Slicknick951 said let them just run basic financial stuff and see. I personally would get your credit score ran and see what you looking at for sure. That way you have an pretty close idea to your price range and you can start keeping you eye open.
And this is obvious but don't go crazy. Not sure of your financial situation, marital status, and such but you will typically get pre-approved for more than you may think even if you can't afford it. Me and my wife got pre-approved for around 600K and i could never afford a house in that range. I was shocked at that amount. If you have none to minimal debt (credit cards and such) and a great credit score, i feel like banks will throw money at you.
- 5,067
- 1,133
- Joined
- Mar 10, 2004
is this something i can do online, or would i have to go into an office?
- 1,563
- 1,828
- Joined
- Jul 27, 2012
It would be best to find a local office to see/meet your loan officer
- 7,689
- 7,714
- Joined
- Jul 23, 2004
The renovation continues. We're now nearing the end, and a lot of the fine detail work still needs to be done. Here are a couple more Before/After pics.
BEFORE
AFTER
BEFORE
AFTER
BEFORE
AFTER
BEFORE
AFTER
BEFORE
AFTER
MORE PICS TO COME
BEFORE
AFTER
BEFORE
AFTER
BEFORE
AFTER
BEFORE
AFTER
BEFORE
AFTER
MORE PICS TO COME
- 8,837
- 4,739
- Joined
- Jul 18, 2012
digging those doors...
Los Angeles
formerly bright nikes
- 23,124
- 4,652
- Joined
- Apr 11, 2004
just finished watching the big short, man
- 10,478
- 9,125
- Joined
- Dec 19, 2013
I struggled with taking a lot of the character of my house too but the modern look is cleaner.
The craftsmanship looks great too.
Where in NYC?
- 1,146
- 131
- Joined
- Apr 17, 2006
must watch this!!!!!.. on netflix?
also beautiful work on those doors and ceiling..
just saw a house i spotted while driving for dollars in March listed at 299k(foreclosed) and just put on the MLS for 515k after maybe 55k in reno! :x
- 3,949
- 1,197
- Joined
- Nov 16, 2001
Anyone have recommendations for a general contractor in the San Fernando Valley with references?
- 707
- 237
- Joined
- Aug 7, 2012
Thanks, I will look into what HOA says, but the location is so good; it would be the perfect Airbnb spot! Like literally a 10 min walk to the heart of downtown.
- 4,758
- 1,409
- Joined
- Nov 6, 2012
Just started AirBnB'ing my guest room in my house . Currently $75/night 2 night minimum.
Looking to furnish my smaller room then start that at $50/night 2 night min.
I only allow bookings Thursday night -Sunday night.
I gotta watch the big short.
Looking to furnish my smaller room then start that at $50/night 2 night min.
I only allow bookings Thursday night -Sunday night.
I gotta watch the big short.
- 707
- 237
- Joined
- Aug 7, 2012
So much money to be made doing that. One of my friends does it and she made like 15k so far, but after cleaning and other expenses has profited about 11k this year.
- 4,758
- 1,409
- Joined
- Nov 6, 2012
What other expenses is she looking at? Someone told me my $25 cleaning fee was too high lol I have to cover toiletry and cleaning expenses somehow.
If you stay for 4 nights thats only $6.25/day lol I'm not going any lower than that. I might change the fee to $6.25/day I guess it will look better to guest.
Last edited:
- 707
- 237
- Joined
- Aug 7, 2012
I meant to say that she has profited 15k so far this year and used around 4K to upgrade her place. Like she bought a 50 inch tv, new couches, decorations, etc. for her Airbnb spot...I'm lowkey envious and want to buy a house at 23, but I need to do more research before I pull the trigger.
Last edited:
- 4,758
- 1,409
- Joined
- Nov 6, 2012
Oh okay makes sense. I believe if I can become a Superhost by October I should be able to pull in $800/weekend. Then do some small renovations to my basement and make it a private suite for $130/night to net $1300/weekend.
- 9,832
- 3,228
- Joined
- Jan 22, 2015
- 10,478
- 9,125
- Joined
- Dec 19, 2013
me and the wife were looking to get a 6 room craftsman in Anaheim, near Disney, and airbnb it the whole year (half the rooms), but as soon as we turn the news on...
Anaheim residents vote to kick airbnb out of Anaheim
Anaheim residents vote to kick airbnb out of Anaheim
- 5,856
- 1,021
- Joined
- Apr 30, 2005
sneakaprince
Supporter
- 16,166
- 19,374
- Joined
- Apr 29, 2007
Got an accepted offer for a second duplex yesterday. Pretty excited.
Only bad thing is my loan company is saying I need to put down 25% since this is an investment property and I won't be living there.
The place is only 60K and I have 15 to the side but should I shop around for a cheaper down payment.
Only bad thing is my loan company is saying I need to put down 25% since this is an investment property and I won't be living there.
The place is only 60K and I have 15 to the side but should I shop around for a cheaper down payment.
- 3,949
- 1,197
- Joined
- Nov 16, 2001
Gotta let the mouse have all the money.
me and the wife were looking to get a 6 room craftsman in Anaheim, near Disney, and airbnb it the whole year (half the rooms), but as soon as we turn the news on...
Anaheim residents vote to kick airbnb out of Anaheim
- 4,758
- 1,409
- Joined
- Nov 6, 2012
@millenial I live on the MD/DC line and have 2 metro stations right beside my neighborhood really shouldn't be an issue.
I put it up last Sunday and have 2 nights booked so far. My first guest come today.
@throwback1718 every state is different, but I just had to make under a certain amount.
@SneakerPrince NIce! What area are you buying in?
I put it up last Sunday and have 2 nights booked so far. My first guest come today.
@throwback1718 every state is different, but I just had to make under a certain amount.
@SneakerPrince NIce! What area are you buying in?
Last edited:
- 5,914
- 3,559
- Joined
- Feb 23, 2006
Nigeria real estate must be lit.
sneakaprince
Supporter
- 16,166
- 19,374
- Joined
- Apr 29, 2007
Nah fam I'm in Milwaukee. Real estate in Nigeria is lit tho.
The long term goal is definitely to have some places there.
- 2,631
- 218
- Joined
- Mar 31, 2006
A lot of people on BP are investing in Milwaukee. They're buying places for $20-$25K, doing a small rehab, and cash flowing.
