Garry McMichael
First time home buyer/investment - IRA
BP Community! So I am in the midst of searching for my first real estate investment and plan to use an FHA loan to put as low as 3.5% down to house hack- I would like to know your opinions on the following financing o...
David Weintraub
Advice on Borrower Refinancing
Already hit up @Chris Mason on this, but trying to figure some potential solutions.Have a borrower whose portfolio is around $35MM. He's trying to refinance properties into lower, long term rates of around 5-6%. He ...
Account Closed
When do you know you’re financially ready to invest?
While I’m not afraid to make an attempt at Real Estate Investing, but I don’t know when I’m financially ready to do so. My goal is to start house hacking, then hopefully being able to buy a rental property. Also how i...
Marcus Bartels
Can I AirBnB "owner occupied" property and live in wife's rental?
Hey BP,My first post!Looking at a potential property in a C-class area. My wife and I are currently renting in a B+/A area which she doesn't want to move from. I would like to get better "Owner Occupied" terms for the...
August Faustino
Tenant ran into water supply main for building
Hi All,We got an email this morning from a tenant who ran into the water supply main for the building with his car last night. Water is off on the building now and we have called a plumber and arranged for it to be f...
Kimberly Harten
Analyzing First 9 unit deal
Good Morning,I am a new investor looking over a 9-unit deal. I used the buy and hold analyzing tool and the results are:Monthly Income: $5067Monthly Expenses: $3992 (in expenses I included 10% for each- vacancy, ca...
Jeff Brown
Reducing Capital Gains with adjusted cost basis/ self contractor payment
Hey guys, this falls under a tax strategy question, however some of you may have had this scenario happen before.
I'm looking to sell a commercial property that has one renter in the building (business commercial). ...
Sam T.
Lender terms changed after going under contract
I obtained a signed pre-approval from a lender for a short-term rental (STR) investment at 80% LTV. This pre-approval was specifically tailored for the STR investment I had in mind. However, shortly after securing the...
Jason Hartman
Analysis of potential deal with partner - duplex
View report*This link comes directly from our calculators, based on information input by the member who posted.Hello BP members! This is my first multi-family home purchase. My wife and I are just sta...
Emily Smith
Mortgage Rates Continue To Register Minor Fluctuations
Hi,
The average for 30-year fixed rate mortgage (FRM) shifted by a single basis point closing at 6.28%. The 5/1 ARM for the same period closed at 6.18%.On the economic front, growth is being sustained at average leve...