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Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...
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I have been crunching numbers on a lot of properties and so-called-deals and not sure if I am missing something, or just not seeing it.Purchase Price - 100,000Loan Amount - 80,000 (@5%, 30-yr fixed conventional)Rents ...
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Hello BP Family,I hope everyone's new year is off to an awesome start. There's something I'd like some guidance on. Any feedback will be appreciated. I'm just starting out and have been using my time to really educate...
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Evening BP,I've recently been learning/researching about self-storage and came across a 31-unit storage facility in a suburb of my hometown that I can secure for 215kish (pending contingencies/financials of course). T...
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Hi, newbie here. Still trying to wrap my head around the refinance part of the BRRRR process. What’s in it for a lender to offer me an LTV loan? When are lenders more likely to offer LTV loans, market wise, and based...
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Hello Everyone,
My first post here on the forum and I'm very excited. I would like to know what is considered acceptable cash flow on a 4plex? Is there a certain amount of monthly flow that is considered bare...
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Hi All,I'm a newbie investor and thus, I'm still learning and wrapping my head around how mortgages and various financing options work. I apologize in advance for this post being long, but I want to be thorough so tha...
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Hi all! It is my current understanding that in order to qualify with most lenders for a commercial loan, the loan applicant needs to be a business entity (i.e. LLC). First and foremost, if this is incorrect - please l...
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So ive been following a property on Auction.com. It didn't sell at courthouse and then it came on Auction.com for sale. I bidded up to the price I was willing to pay and I lost the bid. It went over like almost 5k and...
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Hello everyone,
I'm curious what advice you all have for me concerning my given situation.
until recently I've had no real experience with real estate.My wife owns a home in the UK which we rented out last year a...