Devon Shaw
Pros and Cons of Leveraging vs. Paying Cash for Rental Properties
I know a lot of people will read the headline of this blog and move right along to something else.Because, in reality, there’s definitely a segment of investors - particularly new investors - who aren’t in the positio...
Matt Burns
Philadelphia First Time Homebuyer
-- Contemplating becoming a first time home buyer in summer 2017. I am 22 and have around $10,000 saved. Looking for 2 bed, 1 bath or 3 bed, 1 or 2 bath.
-- my plan is to live in the house for the first few years an...
Jarred Tate
How does this duplex deal sound?
Good Day to All,My name is Tate and I currently reside in Corpus Christi, TX. This is my second time posting on BP. My wife and I are getting ready to purchase a duplex. Side A is 3/2.5 and side B is 2/2. There is a c...
Casey Dimascio
Financing maintenance costs
I am wondering how you guys going about financing typical maintenance costs. As most people do, I save 1-2% of the annual property value toward repairs/ vacancies, but what about when my boiler goes? Do I throw in the...
Amanda Major
Figuring out strategic financing for a second rental..
Hi,
I’m considering a duplex, (I have 11k cash saved, debt free except mortgage, 36k retirement, and about 60k equity in my home) and the numbers seem right cap ex at about 10%. 120k, rental income 1250/month - I use...
Hank Lloyd
Re-Post: Cash out refi to pay off rental mortgage?
Not sure why the first post was removed. Here it is again:Hi guys, I have primary residence mortgage $272,402.50 remaining at 3.625% with 24 years left and a rental unit with $260,997.99 remaining mortgage at 4% and 2...
Karim E.
Building wealth and scaling in Pasadena area
Hi everyone,How would you deploy ~$110k (excluding closing cost) to scale and build wealth in Pasadena? This is not much given this hot market but I’m interested to know and understand some creative ways to start. Wou...
Lionel Quiambao
House Hacking in San Diego
Hi everyone, I'm looking to do my first house hack in San Diego and would just like to network with those that did it before me!I heard that it's hard to cash flow positively at first, so I'd like to know when y'all f...
Nina Gibson
DSCR loans but what about the DOWN?
Hi,My brother and I just started an LLC. We want to start either flipping small or investing in multifamily properties, but the 20-25% down concerns me. If the DSCR loan covers the 80% where to we get a loan for the o...
Nathan Frost
Interest Only DSCR
Can someone explain to me how DSCR works and why it would be better to do interest only payments vs a 30 year mortgage on an investment property?Seems the interest only quotes are still high and not worth it.