Patrick Ryan Cheek
Need cash for a Buy & Hold, 14 unit
I've found a 14 unit apartment complex that recently went up for sale, ($490,000) all units are full. I don't have enough cash for the $98,000 down payment. With a 20% down payment it cash flows $2,900 meaning the ...
Alex Hively
RETURN ON INVESTMENT
Hello,I was wondering if everyone here can check my work. I am trying to figure out how leverage can magnify my returns by using various amounts of down payments: specifically $100,000 ( an all cash purchase), $50,000...
Chris Lopez
New and Need A Reality Check
Hi everyone, I've been spending about two weeks deep diving into investment property. I've been told I can qualify and I can't by 10 different people. Now, I understand that living in the property is different than ...
Anthony Catoni
Seller Financing Pitch
Hi Everyone,I am trying to work seller financing with this deal, but don't know how to try and convince the seller it is a win-win for both parties.The Property: 3 beds/1 bathListed for $285,000, seller will accept $2...
Tyler Wright
Cash down or use line of credit for first rental
Helllo everyone, I am new to REI and taking the time now to learn as much as I can. I am looking to buy and hold on a single family property in the Richmond, Va area. I currently own my own house and was wondering if ...
Jack Lee
Cash on Cash returns?
I was wondering if you guys include principal deduction as part of the cash on cash return calculations. I mean the equity is yours and will be able to cash out upon sale.
Bidkar Salazar
Qualifying for FHA loan if you already own a property free amd clear.
Good afternoon everyone. I'm trying to get all my questions out of the way before I pursue my 1st rental. Could anyone help me by answering this question. Can I qualify for an FHA loan on a second property when I al...
Robert Farris
How many years should I finance?
Hi,I'm trying to get financed for a mortgage and was wondering which is better for a buy and hold rental property, 15, 20, or 30 year mortgage?I was leaning toward a 30 year just because the payments look lower althou...
Katy Oh
Current House... rental or sale?
Hello and Happy Wednesday! Loving BP and the knowledge gained as we enter into the world of investing. We currently own a house as of 17 years, refinanced once, in which mortgage payments are quite high.1. Should we c...
Thernest Brown
Cash Out Refinance VS Home Equality Line Of Credit
Hello Everyone,
What's the advantages and disadvantages of Cash Out Refinance VS a Home equlity Line of credit ?