Patrick Liska
Release of Mortgage
Was wondering if i could get some help / advice. I invested some money in a flip and have first lien on the property. the investor has the house under contract and will be closing in two weeks. Their lawyers office co...
Mindy Jensen
Title Didn't Relay Water Meter Install Requirement at Closing
A friend recently purchased a house. The water company told the title company prior to closing that there is no water meter, and one would need to be installed within 90 days of closing. Water company asked title to r...
Matt Robinson
New investor seeking advice on property management...............
Hi all,
I will be closing on my first duplex in the coming weeks and am looking for some advice. My wife and I will be house hacking this property and will be managing the other apartment.
Currently the property is ...
Marian Fine Frueh
Bookkeeping Question - How to record a property purchase
Dear BP community,Perhaps this is a basic and easy question, but I am not an experienced bookkeeper. I understand debits and credits and income statement accounts vs. balance sheet accounts. But I am new to real est...
James Gilpin
My first MFH Deal. Worth it??
Hi All,
I am looking to buy my first MFH with the view to add an additional one every year for the next 3-5 years, possibly even look into something bigger. Anyways...
House listed at $132,000
Got them down to $105,...
Wendy S.
Incorrect Refinance check
Good day BP Nation.So some of you might remember a whole back I asked for your help to chose between a HELOC and Refi. Based on my time line to sell the property @Chris Mason suggested a HELOC. Unfortunately my lender...
Justin Owens
Investment rates for conventional loans
Short question: What is the normal spread between primary residence mortgage rates and investment rates? Are there more fees with investment properties vs primary residences?Background: we purchased 2 BRRRR properties...
Lesley Resnick
Has anyone found a way to pay their mortgage with a miles card?
Has anyone found a way to use a rewards credit card to pay their mortgages?If there was a way to pay the mortgage with one of these cards you would get a lot of miles a year.If you had 5,000 a month in mortgage 5000 x...
Drew Purvis
ROI, IRR, and other metrics -- AFTER purchase
Hello all,I am stuck. I have been searching for information on how other borrowers calculate the performance of their portfolio AFTER they have acquired properties. In other words, the real world, actual performance o...
Tae Sung Yoon
$0 Money Down First Investment Property (2020 Year End Update)
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Anchorage.
Purchase price: $547,500
Cash invested: $5,000
Beautifully well kept 4-plex with a large paved parking area. Tw...