Hey there, so I'm in negotiations with a seller of 3 condos for $105K. These are my numbers below...this is a 10 year balloon at 6% interest amortized over 30 years. At the end of 10 years I'd owe $80K (which I'll p...
First of all, I'd like to introduce myself and want to thank the community for the wealth of information created here. I looked around for a few days, and haven't been able to find an answer to my question, so I figu...
As an owner of a mortgage broker shop I hear it all... Im just going to wait until rates go down or prices are going to drop soon.. People dont get it, we have inventory shortage. There may be some events that may ...
Hello!My plan for investing is to buy and hold single family homes. Personal circumstances have come about where the first property I buy I will just need to start renting it outright rather than moving in (as I woul...
Just finishing up my rehab estimate and I need one more key piece of info, how much to buy and instal a refrigerated air system. My current rehab price is right at $23,550 but I need this last number. The neighbor sai...
When doing initial analysis of a property to see if it's a good deal is there a rule of thumb for insurance costs? Thanks in advance.Sean
Hello BP fam,I am recently in the process of closing on an out-of-state turnkey property in the Cleveland, Ohio area and am already dreaming of the next one. I have been doing a lot of reading and research and am temp...
Outside of the actual bidding of Tax Liens/Deeds at tax sales, what are some extra costs that an investor would run into throughout the buying (and selling if that’s the exit strategy) of these Liens?Let’s just say th...
Hello everyone,Let me just start out by saying I have a lot to learn!I'm just starting out in real estate investing, and plan on buying my first property (duplex, triplex or fourplex) within a year, house hacking, and...