Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...
Mayank S.
Interest Rate
I am in the process of closing on one of my investment property. It's conventional financing 30 years fixed @ 5% on 20% down. Interest rate was locked when initiated the application couple of months back at 5%. Now ra...
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...
David Hernandez
Starter home VS "forever" home
Hello, I'm a new investor trying to get a deal in the SLC, Utah area. I've been watching the market for a while now, and I noticed that since COVID-19 started prices of upper class homes ($500-750k) in good neighborho...
Mark Mazzucco
Interest rates soaring down!
With interest rates soaring down from 7-8% and most rates for FHA and VA being in the 5s now, definitely a good time to start looking at seeing if you can refinance to lock in rates in the 5s! And Conventional should ...
Suzette Kim
FHA vs. ARM vs. 30yr fixed on a duplex
Hello,
New to real estate (my first BP post!) and I'm looking to purchase a duplex to owner occupy in Milwaukee as a first home purchase. I'm in the process of pre-approval and I'm still on the hunt for the right pro...
Mark L.
How Good Is This Duplex Investment?
The monthly rent is about $600 per unit, with potential to increase to $650 in the next year.Each unit is $54,900, but I plan on buying 2 units for a total of $109,800. Thus the monthly rent would be $1,200 with the ...
Daniel T Stockman
Market Crash & Student Rentals?
Hi BP Community!I'm wondering how a market crash might impact investment properties in a student rental market? I am unsure a crash is coming but wondered how one might impact a buy and hold strategy focused on stude...
Ryan Plante
HELOC or 2nd Mortgage?!
Hey all!I built the house my wife and I are living in a few years ago for $500k, and it’s currently appraised at $850k. So we’ve got a good chunk of equity I’m wanting to leverage. I currently don’t have any rental p...