Christopher B.
Selling a house during Renovations
I'd like some input from anyone that has gone through this. I'm in the framing stage of a large reno on a 1925 colonial. I've been approached by pre-approved buyers who want to buy at my full asking price and make som...
Brendan L.
Actual Cash vs. Replacement: Wut monthly $ difference to go with?
This is a low cost of living area, purchase price is 140k, 6/4 duplex built in 1900, buy and hold, B+ neighborhood. I have an ACV quote for 200k coverage at $712/yr. I have a RC quote for 470k coverage at $1,150/yr. D...
Mark Miles
How much are dozens of 5-star reviews worth???
Hey, I’m considering buying a specific property that is being run currently as an STR. The Airbnb and VRBO listings have dozens of 5-star reviews and very high ratings. As part of my offer, I requested that they trans...
James Tiu
BRRR: large closet or 2 half baths
Hello BP,
I'm in the middle of a BRRR duplex project in San Diego. It is an identical looking duplex with approximately 720square feet each and 2 bedroom 1 bathroom. Right now, I am faced with a dilemma. Should I tur...
Paul E. Drecksler
How do I run these numbers on a 15 year vs 30 year mortgage?
Can you help me with this math problem?
$425,000 sale price.$85,000 down payment (20%).30 year fixed at 3.675% vs 15 year at 3.15%.Difference in cash flow / monthly payment would be $809/month on a 30 year, which I ...
Jaleesa Scott
Recommendations on when to start when you have debt.
I recently got a new job that is 86 miles from my current home. I've owned my home for 2 years now and thinking about renting it out and getting a new one closer to work. Including my house i am 700K in debt. I am a v...
Caleb Rehg
Question about who covers certain expenses.
When using a BRRRR strategy or any real estate investing who typically pays for the variable expenses, such as gas, electricity, and water? Is there any other expenses the tenant covers that the owner does not?
Matthew Wienclawski
Creative Funding for My next purchase - How to get snowballing?
I currently own one rental and my primary home. I want to make a multi-family move but with my current income/debt ratio I'm not getting enough monthly to make a purchase. I want to explore an FHA Loan for this. Shoul...
Jack Taylor
Refi - 20 year or 30 year?
I'm in the process of refinancing my place. I have had refinanced once to get a lower rate, but I want to refi again now to get out of my PMI. My issue is that I've been in the place for 12 years now, and I feel like ...
Jacob Nawrocki
15yr vs 30yr more cash now or later, your help please
First post here and I appreciate your help in advance.I have 7 four family buildings and one single family rental and I am in the process of refi with Fannie Mae and Freddie Mac. In the next week or so I need to deci...