Hi,
I'm a newbie investor with one property that I lived in for 2 years and now I'm cash flowing $600/month on it. The deal literally fell into my lap a few years ago and I'm dying to do more.
I found a distressed ...
Hi Everyone,I am investing in SFR properties around the Phoenix area, and I came across something that confused me. I've been reading on BP about how a lot of you guys own 20+, or even 50+ SFR rentals. I understand th...
I am selling a property with seller financing. I don't know how to estimate what this might be worth to sell as a note in a couple of years if the payments are made on time. Here are the details:Original loan: $28,000...
The Facts: I have an 11 unit property under contract with 8,200 sq. It is in the McAllen area in South Texas, almost on the border with Mexico. The price is $480k. Monthly rents are $5,330 with an empty $750 unit, so ...
I have decided to dive head first into a rental property with a strategy to landlord for long term.
My strategy was to start with a condo apartment, gain experience and proceed in buying more units later on, however ...
Where I'm at today:
A) getting 1.2m cash-out of my 8 family in Brooklyn, at 5.75/ 30 year adjustable with $60k in closing costs (NYC Mtge tax is 2.8% so that's 33,400 right there). ** How's that sound? Are there be...
I have found a piece of land I would like to purchase to add manufactured homes to the lot. The property has been on the MLS for about six months. I want to reach out to the owner and see if they are willing to financ...
Every business has the difficult part. The part that keeps it from growing.
I'd like to hear what everyone's "challenge" area is for their business.
Financing for d...
It gets worse. My Gmac mortgage was sold to Ocwen a few months ago. I just got off the phone with them...and the Indian guy tells me as of January 2014 my mortgage will go up $200 due to my escrow being negative......
Hi BP Team,I have an investor in the middle of his BRRRR and would love your input.He purchased a duplex for $1.1mm. He financed 80% with a 30yr fixed at 3.75% and hard money loan for the balance at 3% for 2years. Aft...