David Yee
Seller Financing Help
Hi Everyone, I have a quadplex in Akron. I've been pretty frustrated with the two property managers I have had in my short time as an owner. Based on the amount of work and the scummy service, I'm looking to sell it...
Lane Kawaoka
Cosh out Refi Strategy for 1031 exchange
I have a 450k property that has 150k of equity after sales commissions. I want to use this to buy 2-4 rentals at 70k a piece. Could I buy 2 rentals cash (140k total) with a 1031 exchange and then doing a cash out...
April VanCleve
How much is enough?
My question... how do you all know how much reserves is enough?? What is "safe" or responsible to start? I've read 6 months reserves on all fronts, but I've also read people "making it" with zilch to their name. Do yo...
Chris Mason
"why do owner occ rates go down as investment prop rates go up?!"
This is an attempt to answer that question, I know a LOT of people have been confused by this.
Consider the below fake rate sheet. Y is a high rate, W is a low rate, X.00% is the prevailing "par" rate. I can't put A...
Nick Clayville
Capital Gains Tax and HELOC
I am looking to sell a rental property and have a mortgage and a HELOC (Home Equity Line of Credit) against it currently. If I were to sell is the profit (taxable amount) considered the sale price minus mortgage + HEL...
Philip Robbins
Help with understanding BRRRR calculator
Hello,I'm wondering if someone out there would be willing to help a newbie investor out with understanding how to use the BRRR calculator. I'm trying to take David Greene's advice and analyze multiple properties a day...
Mark Spelman
Seller Financing Cash-Flow Issue
Hey BP Friends,
I’ve dug up several seller-finance deals lately in an effort to acquire more properties for less money down than your typical 20-25%. The last two opportunities I’ve had, sellers are willing to finan...
Kelly R.
assuming a fha mortgage
I am looking to purchase a house. It is $255,000. the amount the sellers owe left is assumable fha loan and is $186000 at 2.875% . I would have to come up with the rest in cash. Would I be able to rent the house out a...
Chris England
Loan amount
I'm from the Metro Detroit area and I'm considering purchasing my first rental. Talking with the bank today my broker told me that in order for him to do a loan the amount had to be at least 60k. After my 20-25% down....
Jack Forester
Delayed closing for fast refi after cash purchase?
On a recent podcast a guest talked about writing in the repair costs into the HUD on a cash purchase, then after closing, fixing up the property and immediately refinancing with cash out for the amount on the HUD, wit...