Carlo Con
FHA loan vs Conventional loan
I currently have a FHA $200,000 loan with an interest rate of 3.375% with a pmi flat fee of .85% ($141) of original loan amount. I want get a conventional loan to drop my PMI payment of $141 per month. However, the ...
Elizabeth Moore
Buying First Flip - Offer Question!
Hey allI have put in an offer for my first piece of property to flip. The initial listing price was $79,900 and I offered $62,000. I walked the property with my contractor twice and his estimate came out to $35,000...
Thomas Ingrao
How does tax season work at the end of the day?
I want this to be completely transparent for accuracy. I have not calculated my expenses yet but my W2 reported income was $73,380. I grossed approximately $13,000 this year on the rental properties. I understand that...
Joan Garcia Hernandez
Question about Running Comps
How do I run comps on a property that has no comparables in the area?
Ryan S.
Luxury STR in Naples FL
Greetings, everyone! I'm based in Naples, FL, and I'm considering converting my primary residence into a short-term rental. Allow me to share some details about my house: it spans 5,600 square feet with 5 bedrooms and...
Cheyenne Davis
Question for rehabbers using the MLS
For those of you who are buying properties off the MLS, how much does your realtor do for you?
To date, our realtor has simply set us up with property alerts that fit our by criteria and then submitted a small amoun...
Madison Lowe
How to determine when additions are worth it? San Diego, CA
I own a home in an area San Diego, CA where process are starting to increase. My home currently is valued 365,000. Others in immediate area on same street or 1 street away are valued at 400 or more. My home has bee...
Tamara George
Found a property Not sure if I should invest.
My neighbor is selling a duplex that currently has both units occupied. She charges $1750 a month for each unit ($3500) which includes water and heat. She's askin 299,000; however she only owes 265,000. Minimal repair...
Cody Warhurst
How to estimate the amount of debt a property can support based on desired cashflow?
Hello BP,
I think I have a simple calculation question that I'm a little stumped on. I read another (quite old) post on BP where a user stated they back-calculate the debt a property can support based on their desire...
Lawrence Monyei
Best websites for PRE-FORECLOSURES listings?
Hello Fellow Investors,Which websites are the best for sourcing/getting pre-foreclosures listings online? I do see my county list in the Legal section of every Fridays edition of my city newspaper, but I need more sou...