Jeanette Land
Next move for investment
21 January 2025 | 4 replies
Hello, I live in southeastern Wisconsin and currently have a long-term duplex in Wisconsin.
Vina Merrill
In eating in Chattanooga
30 January 2025 | 2 replies
@Vina Merrill,Went to college in Knoxville, current a BDM in Chattanooga, where I'm from.
Deshawna Fuller
Selling Rental property with Tenants
26 January 2025 | 2 replies
Hi there, if you're open to holding onto the property, converting it into an Airbnb or short-term rental could significantly increase your cash flow, especially with the current demand for rental properties.
Jordyn Ohs
What do I do if my DTI is getting in the way of my next investment property?
16 January 2025 | 7 replies
I am currently in the bit of a rutt.
Yael Doron
Title: New to BRRRR in Queen Creek, AZ – Seeking Advice and Connections!
22 January 2025 | 8 replies
Do you guys have a current home?
Marc Zak
LLC Insurance and Taxation
26 January 2025 | 6 replies
Quote from @Marc Zak: Hello BP community,I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA).
Todd M.
Inheriting tenants and no move-in inspection
26 January 2025 | 5 replies
Hey everyone,I'm in the process of purchasing a multi-family apartment building and just discovered none of the current tenants have any kind of move-in inspection.
Ian L.
Real Estate Portfolio Analysis
21 January 2025 | 5 replies
I am thinking about doing this full time and was wondering if there was a coach/professional i could speak with to give me an honest assessment on my current real estate portfolio?
David Greig
Primary Residence/First Time Homebuyer
26 January 2025 | 0 replies
Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.