Eric Johnson
What happens when I stop paying the mortgage payments ?
14 May 2024 | 14 replies
Here’s what typically happens when investment loans go 90 days into default1- loan is placed in “non per forming category”2- non payment information sent to credit bureaus, and borrower shows “90 days late”3- Fair Issac credit score drops 150+ points4- credit requests get denied, credit available is at rates 5 points higher than before5- notes are accelerated by lenders6- legal fees are added to principal balance owed7- the lender accelerates the loan8- interest rate is increased from the current Rae to the “default” rate9- late fees are added to the principal balance
Lily Ochoa
In need of 55K
13 May 2024 | 5 replies
You can definitely work out something with the seller that makes your offer contingent on the sale of your current apartment.
May Mirzaei
Very new to real estate investing
13 May 2024 | 10 replies
I think some of the newer construction is sitting well above current market value and could be in jeopardy if the market adjusts or the economy continues to fluctuate with inflation.Depending on where you live and what your comfort level is there are several other states that can offer a better cash flow for a similar price range.
Sam Booth
So Dave Ramsey says.....
13 May 2024 | 79 replies
At currently 3.4% inflation (if you believe it) the real cost of money after inflation is about 4%.
Jeffrey Radcliffe
Self storage using Solo 401k funds
14 May 2024 | 13 replies
I'm currently doing both.
Victor Nguyen
Single Family Unit or Duplex for a First Time Investor?
14 May 2024 | 16 replies
Seems you’re looking for appreciation with steady income and that’s a good approach in this current market state.
James Brisson
Current Cash out refi costs and rates … HELP
9 May 2024 | 5 replies
Hey all, so I’m currently in the process of doing a cash out refi on one of the triplex’s I own in Fitchburg, Ma.
Jason Frink
Out of state investing tax benefits.
10 May 2024 | 15 replies
What about travel/hotel/rental car to view properties?
Landon Harless
Hello BP Community!
12 May 2024 | 19 replies
My name is Landon, and I currently have four STR properties, three in Sevier County, Tennessee one in Fort Lauderdale, Florida.
Balaji Vasudevan
Getting into RE investments
13 May 2024 | 9 replies
Almost all investments currently in stock market.