Account Closed
Downsizing advice needed - pay cash for smaller home w/o new mort
We're planning to downsize and need advice from those who have gone through this process before. The sale of our current home of 15 yrs would allow us, after paying off the remaining 15 yrs of the mortgage, to buy a ...
Mark Costa
Should I rent or sell my 'starter home'?
Our family is growing and we're looking at upgrading to a larger home. I'd like to understand the opportunity of keeping our current home (financials below) as a rental and see if that makes more sense than selling. T...
Ash Hoss
Investment in Real Estate in Dallas area
What is the current DFW real estate market condition?Someone told me my comment on another thread, should be posted independently, so here you go. MY OPINION?-> I have heard people say every December "the market is...
Amanda Berg
question regarding HELOC
Hello BP community!I'm trying to get my finances in order right now and I have decided to do my first flip with funds from my HELOC. I'm trying to determine what a bank or credit union will give me. If the value of my...
Hark Tukay
Damage and breaking a lease
Our tenants of 7 years are moving out next. They have asked to break the lease with 11 months remaining. When I went over to prepare for a showing I noticed there was water damage on the ceiling and a bunch of tiles a...
Ivy Jones
1031 Exchange questions
Hey everyone! Newbie here. :-) I have a couple of questions about the 1031 exchange I'm hoping to get answered or at least get a little better understanding on. First, we own a property in Mexico that we've been renti...
Clay Sellers
Am I trying too hard?
I have a seller in his 80s. He is behind 30K in mortgage and has a 40K lien on his home. Current mortgage balance is 600k (not including the arrears-30K) with a 3.5% 30 year fixed, payment $2700. (It's in So. Californ...
Travis Moore
No Conv Financing Strategy
So....I have this property in Texas that is owned free and clear currently being rented by a contractor who has done some work for us. There is much disagreement about late payments and work they claim they have done ...
Gerald Peters
What percent profit would you expect on portfolio 12 Units?
This portfolio consist of 11 single family homes and 1 garage apt, so 12 units total. Gross rentsare $9,100. Properties are mortgage free. Value 1.3 MillionObvious expenses Taxes, Insurance, allocating 12% to mainten...
David Coats
Can I require household income and individual tenant income?
Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.Is it ok to require minimum income of 5x for household and let's say 2x for individual...