I have found a note with a upb of 28,500, zero % interest, with 114 payments of $250 remaining. A note at zero % interest is unenforceable in Texas and the note cannot be purchased as it is. I offered $13,636.35 w...
One of my market rate units has asked for a -15% monthly reduction. The press out there has been brutal about how much vacancy and drops in rent, which include a lot of new developments downtown that were super high a...
Hello BPers,
I would like the help of any of you who have either loaned private money or have borrowed private money.
My questions for the sake of this topic are very specific.
1)What terms were you giving/given o...
A lot of newbie investors at the BRRR refinancing stage will have a tough time deciding whether to go with Variable vs Fixed rate mortgages due to Gov continuous rate hikes. Variable gives pre-payment flexibility and ...
Home Possible from Freddie Mac has long been my favorite 30YF mortgage product. 95% LTV on a 2-4 unit property you will live in, but no FHA downsides. Specifically...Conventional alternative to FHA that requires 5% do...
Rent growth has not kept the pace of home appreciation. - In the largest 588 cities in the U.S., the average (unweighted) cash-on-cash return is -6.5%. - Since the Great Recession 10 years ago, you got a growth rate o...
Hello everyone,
I am a seasoned property manager in Central Florida. I’m currently observing an interesting trend in the Central Florida market where a noticeable number of short-term rentals are being converted into...
Three states passed state-wide rent control laws in 2019, California, Oregon and New York. Other cities such as New York, San Francisco and Washington D.C. have had rent control policies in place for decades.
"Over t...
It's cliché, but true. A lot of millionaires are made during recessions.No matter what you invest in there are and will always be golden opportunities to take advantage of during every recession. For me, it's real e...
First of all, thanks to everyone who takes the time to post on this site. I've been reading for a few months now and have learned a lot. This is my first post and I hope this thread isn't too old to be commenting on...