Hi there. New to BP. Wondering if I can pick the collective brain on a tough rental I've been wrestling with for years. I bought a SFH with a partner (who still owns half) in Ellensburg, WA over 10 years ago at the to...
Hi, Question on whether or not we should apply for another HELOC and how that may affect our ability to refinance into a conventional loan later on.We currently have a $150000 HELOC based on a few rentals. A little ov...
Hello,
I am a fairly new investor in Baltimore MD using a cash buy and hold strategy for residential properties. My business partner/mentor and I basically purchase houses between $10-20 thousand fix them up ourselves...
I have people that would like to invest in my rental business, a first for me. We are negotiating an annual percent of return. Right now I am offering a monthly payment for return, focusing totally on cashflow.
The...
Hello All!
A friend and I are interested in starting a partnership LLC to invest in Rental Properties. We are both new to real estate and looking for creative ways to finance our first couple of properties. We are l...
I was curious on what the rate of return would be on real estate from nothing more than principal paydown alone. Turns out it's not that shabby. Using my trusty CCIM Institute financial calculator, if you get a 80% LT...
So I'm a 21 years old learning the dynamics of real estate property holding and investing. I'm having a hard time understanding the BRRRR method and how your PML gets paid back. OK so for example...Let's say I need 10...
Hello All, So Tuesday night i decided to drive out to one of my local real estate investing meetups. At the meetup there was a speaker who was talking about his success to financial independent and when he went throug...
Hi Lending gurus,I am working on some remodeling project where we need 50K and I want to lend that money where I am also 25% partner.My questions: I think I can prepare a promissory note and get it notarized and get ...
If I purchase a home of 100,000 and put 20% down on a 30 year fixed rate mortgage at 5% interest, then the loan amount is 80,000. If 5 years later, I want to sell the home and it is worth 120,000, and the loan balance...