Nate Garrett
Should You Pay Points to Buy Down Mortgage Interest Rate?
I am currently refinancing a rental property that I own. The new loan will have a $77,000 principal balance and a 15-year amortization and term. The loan officer presented me with the following interest rate options:3...
Charmaine M.
Closed 1st deal!!....here are the numbers.
Hey all, after months of stress and agitation finally closed on my first investment.Here are the numbers...what do you guys think?Single Family 2/1Asking- $290KPurchase -$250KAppraisal -$275KDP- 20% ....didn't want to...
Robert Fisher
Zestimate is 50% of asking price. Can I use zestimate to make an offer?
I am looking at a property where the zestimate is almost 50% of the asking price (517K vs. 995K). I understand zestimate is perhaps the result of some robotic formula calculation; but it has to be based on something ...
Tara Jackson
I Need Advice on Possibly Purchasing My First Foreclosed Property...
There's a two flat building next to my parents house that's in foreclosure- i don't know if it's REO yet. The owner just informed my dad that he was losing the property a couple of days ago.
In my situation (being...
Matt Heath
Increasing Rent
Hello Everyone,I currently own a fourplex and am living in one of the units. The average market rent for a unit is $600. My units are being rented out for $525, $525, and $510 respectively. The tenants have been resid...
Account Closed
Tenant Breaking Lease
I finally have an issue......So tenant X in my duplex notifies me today that he needs to move out of state to follow his company that is relocating; his lease is through April 2017. X has paid rent consistently since ...
Robert Marek
Can you hire a Management Company and Still be Profitable?
My dad owns a 24 unit building, and 2 four family buildings in NJ. He has always managed it himself, performing most of the labor, but he’s getting to the point where he does not want to do that anymore.He has always...
Joshua Baker
Best Practices to Develop a Pipeline
Good Afternoon All,Over my time in the industry I’ve encountered one question from new/newer LOs repetitively. Until now, I never actually realized I don’t have a decent answer to it now that I’m in charge of trainin...
Cody Godfrey
How to evict a paying tenant
My wife and I just bought our first triplex with an FHA loan. We are currently living at the property and quickly realizing the one tenant is trouble.. I believe they were quickly put into the unit before the property...
Anthony Fecarotta
Questions from a first time buyer in Chicago
Hello BP. Been listening to the podcast for a longtime and new to the thread. Been reading a lot of books, doing a lot of homework and I have some questions. I'd like to preface these by saying that I'm in the Chicago...