Hey everybody I find myself in a unique situation. I have been recovering from a back injury for over a year now. In that time I received a financial windfall. Prior to this I spent years researching real estate and I...
So for the BRRRR method, when you do the cash out refi and pull all of your cash out (making a new loan to pay off the first), can't this ruin your cashflow?
Quick example numbers:
Purchase price= $70k, Rehab=$35k
...
Does anyone have any suggestions for online rent payment sites / systems? Time for me to transition away from going to the PO box to pick up checks - haha. I haven't even begun to research any yet, thought ...
I'm not new to real estate, as I am a licensed Realtor, however I've managed to hit a road block funding my first deal. I have only been 1099 for 1 year, and I already have a VA loan out. How would I go about finding ...
I'm in the process of purchasing a 20 unit complex. The bank has given me 2 choices. Option 1 is a 20 year amortization 4.8% vs a 25 year amort @ 4.99% (both with a term of 7 years). The payment would be $7,624.87/mon...
So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
Hey everyone, I am a investor with experience in SC, NC, & TN. I have a fair deal of experience with the real estate laws/codes in those states, but I have a colleague ask for advice today and I am hoping that you...
I'm looking into purchasing a duplex strictly for investment purposes (not going to be a owner occupant.) Currently, one side of the duplex is vacant and the other side has a tenant on a month to month lease. If all...
Hi BP,
I would like to refi my primary residence which has an 70% LTV. I want to lower my rate on a 30 yr fixed. I don't want to cash out. So far, all estimates have me paying 2-3% closing cost.
What gives? I th...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Anchorage.
Purchase price: $547,500
Cash invested: $5,000
2020 Year End Update:
After closing on the property, I immedi...