Collin Hays
"I realize I paid too much for this to work out...now what?"
Earlier today, I visited with a woman from Charlotte who owns a cabin in Pigeon Forge. She bought her cabin in a bidding war in early June. I haven't posted a blog entry in a while, but I suspect this theme is going...
Mark Carbonaro
PMI: FHA vs. Bank/ Credit Union
Hi there,I'm looking to house hack a small multi-family property and am thinking of different financing options. I plan to occupy one unit of the residence for at least a year and rent out the other(s).In looking to g...
Jason Lee
When Will We Hit Bottom?
When does everyone think the market will start dropping and for how long? I work in the San Diego Market, and we haven't seen any sales comps yet to support depreciating prices. I believe that since interest rates are...
Mike Schorah
Should I not flip houses right now since prices are plummeting?
The price for every house in my market has been cut by about 6%… Not just houses, but vehicle prices are being cut 20%. And the Fed is planning to raise rates AGAIN. WHY?
Sebastian Marroquin
SFR + ADU in Claremont, CA
Total PITI : $2,800 p/m ADU: Rents : $1900 p/m Home : would rent for $3k per month Potential Gross cash flow: $2,100 per month Purchase: $500k Current ARV: $900k Can these numbers be achieved today with high interest ...
Carlos O.
Final interest rates on loans?
I'm curious about the actual interest rates that are assigned to loans. For example, a quick search online shows interest rates about 4.01%. Assuming you have very good credit, is this the actual rate that people get ...
Eric Dekker
Any thoughts on early paying the mortgage on a BRRRR?
I have a new Rental property that I BRRRRed and is cash flowing relatively well. There is no early payment penalty on the loan. An extra $100/month would equate to the loan being paid off 7 years earlier and $27k in i...
J. Martin
Houston in Recession? Graphs! Appreciation plummets. Austin good
Is anyone changing strategy in Houston? Still buying? Waiting until unemployment peaks, then starts improving, to get the biggest gains..? - The unemployment rate is shooting up in Houston. Looks similar to the last 3...
Esteban Mosqueira
Calculating ARV with current market conditions
Most markets are starting to see a change in prices, however fix and flippers are still buying. How do you calculate ARV since comparable properties that sold 2-6 months ago (peak of the market) are not accurate compa...
Obdia Whitmore
Need help or advice on my Cash-out-refi
Hi BP family,I have an issue that I need some advice and possibly help on. I recently rehabbed a three unit in Chicago.My plan was to do the BRRRR method, but my credit score dropped tremendously due to me using my cr...