Aaron Frances
Cash out refinance to pay off credit cards
Hi Everyone,
I converted my 2-flat apartment building into a legal 3-flat using a cashout.
Appraised at $425k, new mortgage at $2330 at 4.35% currently owe $305K now.
Property may conservatively appraise at $525...
Ryan Hobbs
Probate property contract
Can I use a standard purchase agreement on a probate property, where the administrator has full authority, no bond,in California?
Josh Ewin
Financing Ideas for Rental properties
Hi All,
Nice looking forum, I have a feeling I'm going to learn a lot here. I'm learning as much as I can about rental properties and will be picking up my first property in the next 3 months. That being said, I do n...
Joshua Springer
Any legal/financial reason to have mortgage under LLC
My first rental I put under an LLC with a partner, my second was conventional with my wife, the next one i'm working on with my LLC partner should be moving forward soon. I originally had anticipated putting the loan...
Kyle Smith
A model to help homeowners and make money
I have had a real estate investment model in my head for a while and would like to hear other peoples opinion on it, since there may be something I am missing or not seeing. I thought the model up as a way to both hel...
Wendy Black
Should We Buy Out Interest in Low-Priced Condo? Hold or Sell?
After our brother died a couple of months ago, my sister and I inherited his 2bd/1ba 885 sq. ft. condo in Stockton, CA. Unfortunately, it's not in the greatest of areas, and the highest sale price lately has been ...
Jamie Hogan
Charged Off - What does it mean?
I have a friend that had someone else managing their money. Several mortgage payments were missed. I guess the bank had someone drive by the house and saw that it’s in terrible shape. They determined that it would ...
Emily Durbin
How much to Furnish an MTR
About to close in my first MTR—how much do you furnish an MTR? Fully furnished with linens, towels, kitchen utensils, cleaning supplies (like an STR), or do you allow the tenant to purchase their own sheets, towels, etc?
Blake Elder
Investing Timeline: When to switch to commercial
Good morning,My wife and I live in a 4-plex that we bought about 1 year ago. Our plan is to continue to purchase 4-plexes in the future. We bought the first one with an owner occupied FHA loan just in her name, and pl...
John Warren
Help needed creative offer
HI BP community,My wife and I have an opportunity to view a five unit building in an A area near our home this Saturday. We have been looking for a building to owner occupy as part of our strategy to "house hack" (I k...