I am purchasing my very first deal and trying to decide if I should use a 401K loan or my savings to fund the down payment and closing costs. With 10% down, the property has a 12% CoC ROI and a 21.5% annualized retur...
What would make this a great deal?View report*This link comes directly from our calculators, based on information input by the member who posted.
So of the 20 rental homes I personally own in Memphis, the first 9 of them were put on 30yr loans and the other 11 on 15yr loans. To give you a simple example of the difference, here is what you can expect:$100k pr...
Hello BP community! I've been hanging out in the shadows for some time now reading posts, listening to podcasts etc. Well after a year plus of research its time to make an offer on my first deal. I need to get some fo...
I remember hearing on a couple episodes of the BP Podcast about some program (I think it was something government-sponsored if I remember correctly) where you can cash-out refi after just 30 days on a rental, with the...
my business partner and I are new investors looking to buy and hold properties for rental income. We have 25K cash to start. Does anyone have insight on the best way to begin the journey? We've been very diligent and...
Hey everyone, Recently signed up for this site and have been impressed by the wealth of knowledge I've found here. I'm currently looking at a property in northern Maryland. It is a real "fixer-upper" (I will know th...
I have heard that in Canada, banks are not usually comfortable with deals that include cash back at closing.I can not figure out why. In my opinion, the banks should really only care if they are financing more than 80...
I have a seller with several turn key rentals he's getting rid of. I am in the process of putting 3 under contract and he is asking for 10% earnest money on each. I'm still fairly new to wholesaling but isn't that a b...
I have a triplex under contract and have received the following finance option from my local bank. I have a longtime relationship with them and my credit is excellent. I’m going to pay cash initially because the tripl...