Lisa McKinney
HELP!! How to Structure part finance/part seller buyback
22 March 2024 | 3 replies
HOW SHOULD THIS BE STRUCTURED SO I RETAIN THE RIGHT TO MY PROPERTY DURING 5 YRS IF BUYER DEFAULTS ON A) HIS MORTGAGE B) TI & C) OUR PMT?
Keeya WangJones
$250k ARR - How is it done?!!!
23 March 2024 | 20 replies
That would mean saving about $850,000/yr x 5 yrs = $4.25M.
Mary Jay
When would you buy a property with a negative cashflow?
22 March 2024 | 88 replies
So please don't ask:Buy using seller financing - $120kDP (10%) - $12kSF - $108kTerms (7%/25 yrs) Pmt - $763/mT/I - $325/mRent $1600/mCF - $512/mThat means we sill recover our cost in less than 2 years.Bought about $15k under Comps because seller had tenant in and wouldn't CF enough at full price using traditional financing.
Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
That's 8 yrs of hard schooling 'after' 4 yr college.
Jasmine Romero-Mendieta
Investment focused Real Estate Agent from NC
21 March 2024 | 4 replies
I have been lending in RE for 15+ yrs.
Rob Trufant
Advice Request for First Time Homebuyer Looking to House Hack in Pittsboro, NC
22 March 2024 | 11 replies
Hello everyone,I am fairly new to real estate and just graduated from college at 22 yrs old with a job in Pittsboro, NC, but have been listening to BP and Rookie for awhile now.
Julia Hagen
Just spent $7,000 on home warranties..?? 😫😳
19 March 2024 | 46 replies
So, I paid $7,000 cash for 6 yrs of full coverage on each home from Home Choice. (🤯😱🤬)But, it’s been a total nightmare.
Tyler Munroe
Check my math! Condo conversion project
19 March 2024 | 2 replies
The only thing I would say is in 10 yrs I think you would have more than 25-20% appreciation.. esp in that area.. so might be worth more plus rents continue to go way up so both are great options, just depends if you want hassle of having tenants or want cash now?
Randall Cornelison
Rubbing my chin . . . contemplating a new course . . .
18 March 2024 | 10 replies
I am 55 yrs old and would like to increase my cash flow to ensure a more stable retirement . . .We all know SF rentals are a "slow but sure" way, so I am considering leaving that strategy.
Gene Jung
better to just cash out refi later?
17 March 2024 | 8 replies
Given the current rental property mortgage rate is well above 7.2, and it looks like it is not going to go down any time soon...i expect it will take 3 years to go down by 2 pp...Is it still dumb to buy a 500k investment property full cash and plan to cashout refi in 2,3 yrs?