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...
Nick Symon
Keeping First Home as Rental
Hello BP,
I'm not an investor yet, but my wife and I are considering holding on to our first home when we move to a bigger place and renting it out. When we move, we'll own the first house free and clear, but are c...
Dan Barentine
Need clarity on cash on cash ratios
A broker asked, "What are your cash on cash ratio requirements?" I'm not sure exactly what he means by this. Is this the same as IRR? Thanks for the clarity
Aaron Wyssmann
$1,000 gone missing...
So here's the story of the missing $1000…I work currently for a property management company and we have around 300 single family units. You can imagine that the first of every month is crazy with people bringing in t...
Chris Johnson
preapproved loan for auctions
Hi BP members,
This is my first post in this forum :) . I'm from seattle area.
Ok here is my question. I read somewhere that i cannot use preapproved loan for bidding at auction. i have about 15-20% of the total pr...