Lacey Burns
Need some advice on ARM loans
Hi there BP family,
I heard on a recent podcast episode from the guest (David seemed to concur) not to mess around with ARM loans. Can anybody offer insight into that? Whose had any experience at all with them and w...
Jerry Poon
How to fight insurance claim denial?
A storm a month ago or so knocked half a tree down. The tree fell right next to a rental and the force took down an entire wall. The damage is about $15k.I contacted our insurance and they are denying our claim, citin...
Bryan Hancock
Using Futures Contracts To Hedge ARMs
Has anyone out there in creative land used futures contracts to hedge interest rate risk on your ARM? I am wondering what futures to use for commercial loans with floaters past year 5 or so. Selling eurodollar futur...
Brad Gibson
Portfolio Lender Terms: Did I Do Well?
I'm in the process of purchasing a duplex for "buy and hold" purposes that will cash flow from the start in one of my local markets. I'd like to know if what I'm doing with a local bank to finance the purchase is abo...
Austin Bright
Question on Property Taxes
I am a new investor. I'm looking at a property, asking price roughly 220K. The 2020 tax assessed value was 183K. If I buy this property at the asking price, will the 2021 taxed assessed value be 220K?
In general how ...
Connor Loutsch
Renting out My House
I would like to rent out my current house that I am living in this coming spring. I have owned the house for 4 years. I owe 168,000 on it and I had it appraised this summer for 205,000. My questions are:Should I refin...
Eric McArthur
We Buy Homes Website building
Hello,
I am currently in the process of building a We Buy Homes for Cash-style website. This is my first time attempting to build a website so I am taking all of the advice I can get. My partner and I have already se...
Steve W.
Upstate NY economy?
Hi all,I'm located in the NYC metro area. I don't know much about upstate NY. How is the economy doing? Is it a place where you all are willing to invest in?
Rick Howell
Loan Features To Avoid: Balloon Payments & Negative Amortization
Among all the paperwork involved with taking out a mortgage, it is very easy to let your mind wander and simply sign on the dotted line. But be careful, you should read through the details of the loan.You have to ask ...
Eva Neikirk
What’s a good deal on a cash out loan?
I bought a duplex and house in Memphis in 2016/17. Cash $42k and $34k. Have put in $20k each (most of which was paid for in rents). Now valued $90k and $75k and cash flowing.Need to pull cash out to fund medical care ...