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6 January 2025 | 10 replies
For down payment, plan to need 30-40%.
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11 December 2024 | 3 replies
Hello, we have a. apartment complex in LA County and want to install security cameras in the common areas.
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1 January 2025 | 0 replies
I had to borrow the down payment form my parents because I was BROKE.
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2 January 2025 | 4 replies
I guess to get a definite answer I'll have to cold call to get see if all these people are behind on their payment or it's just a standard practice behind some salesmen!
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30 December 2024 | 4 replies
At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.
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5 January 2025 | 24 replies
For a sample, consider a $295,000 project with a down payment of 5% and a mortgage payment of 7% interest.Good luck!
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4 January 2025 | 9 replies
The down payment wouldn't be minimal if your finances were tight.
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26 December 2024 | 2 replies
It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere?
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3 February 2025 | 31 replies
Utter blasphemy, only "unsophisticated" investors buy in cash.An experienced investor once told me "why use my cash, when I could just default on OPM" I know its not popular thought on BP.. and of course ramp up requires it unless you inherit a ton of dough but as we age out I sure like free and clear and no debt.. just the hassle factor of having to make payments :)