@Gerardo Lewis In FL, the mortgages do get wiped out.

@Robin Simon one thing I hammer on BRRRR in the forums is that it's a lot more expensive than new investors realize. 

I agree with @Robin Simon above.

@Robin Simon, it is a 3 bedroom, 5 bath home, when I load the address in AirDNA it comes up as a 3/3, when I change it to 3/5 is when it jumps up, goes from about $80k to the $135k projected.

Quote from @Robin Simon: Quote from @Ivonne Hunter: Hello to all, I’m recently got into escrow on my very first investment property and when going through all of the fees to close I came across a “lock in rate” fee which is to lock in the 6.125% interest rate at a whopping 4% of the loan amount ($540k) which is an additional $12k.

Quote from @Robin Simon: Are you located in Austin? 

Quote from @Robin Simon: Nope - this is not true.

@Sean Gum I agree with @Robin Simon as well.  12 - 16% earned interest for a PL is typically reserved for short-term investors. 

@Robin Simon we are looking for 75-200 units

@Tammy Lewis there have been some recent podcasts discussing investing in Enterprise Zones for the tax advantages.