Russell Quealy
Neighborhood crime and where to avoid
Hey Everyone, I was curious if there was a tool or site that helps people narrow down their desired area they would like to invest in. I'm new to the DFW area so I'm not aware of bad areas or which areas to stay away ...
Trish Dunn
How to avoid hard money scams??
Hi everyone,My husband and I are putting an offer on a property that needs a decent amount of work. We'd like to use hard money to fund the rehab, but have never done this before. What are some things to look out for?...
Andrew W.
Prepayment Penalties - How to Avoid - Views?
I have 8 separate 5 yr fixed rate mortgages (and P.notes) that the same bank (in Wisconsin) has made to two of my LLC's and secured each loan on a separate property. I personally g/tee these loans.
Rates have moved ...
Kevin Chan
Avoid the hot markets all together??
Given that many of the hot markets are so competitive and the prices on turnkey-ish properties have already increased in these areas, such that it is hard to achieve the 1% recommendation.. I started thinking maybe i...
Lindsey Clark
Avoiding capital gains 2/5 rule
Hi BP experts. Hoping to get some answers on a slightly complicated issue. I have asked a couple of accountants this question but they are not real estate specialists so I want to see what kind of answers I get here....
Matt Cianci
Long Distance Landlord - Avoiding Management Companies
We are a group of investors from NY, NY, TX looking to buy a duplex in FL. Many of the deals we evaluate are showing 7-8% cap rates, which works well for us, but once we stick a management company fee on there it is w...
Mark S.
Registered Sex Offenders - Avoid The Area?
Many of the properties I've been looking at - in lower income type areas - have a few registered sex offenders on that same street. Is this an immediate no? Would you still invest in that area?I would feel pretty te...
Dhanush Kondoth
How to avoid the wannabe lenders?
Hello Fellow BP-ians,As part of the flourishing REI business, I have noticed that there are tonnes of new "XYZ financial services" and XYX Capital lending" groups propping up all over the country. Every one of them I ...
Travis Ferreira
Strategies to avoid High Closing Costs
I recently purchased a 3-unit rental property in the Rochester, Ny and used conventional lending (bank loan with 75% LTV, 30 year fixed, 4.25% interest), I quickly learned this strategy has high closing costs (~8% of ...
J Berk
Pay cash to avoid mortgage costs?
I have just finished negotiating the purchase price of a lake house in central NY for 192,500. This is a buy and hold. Im going to keep it and use it and make love in it for many years.
I am contemplating a couple ...