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would you buy a Rental using the 50/50 rule where Half goes out the mortgage and half goes out to the expenses? is this especially suitable for finished condos?
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Hello, BP!!I anticipate to obtain $100k business loan from my own business early 2017. I would like to use it as down payment for upcoming investment property; and pay out the premium and interest of the business lo...
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I hear a lot of people on BP talk about that the best they can get for financing is typically 80% LTV. A local bank I work with will loan out 85% LTV on 4 units or less and 80% on 5 units or more...here is the kic...
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Quick question to those who are in the rental field:
When you are doing a loan buy down (paying extra on the monthly mortgage), how much extra do you recommend to put towards it?
Is there a rule of thumb for this?
Hey everyone First Post here! I have a property I purchased at 135K, 4.5 years ago. Wife's ease of mind for this property is to just pay it off. Im fine with that for this one house. SO First 3.5 years we just made t...
Hi All,Need your help. I was in escrow for a 4-unit quad plex for 225K in Portage, MI but the owner just provided an off-market deal to add on his other 4-unit property into the deal for a total packaged price of 420K...
Okay, I haven't completely read the whole book yet, and as any of you that have read it know, it takes 10 months to read. But I have to mention this book as it is excellent so far. The principles are solid so far, a...
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Before I actually make my first BRRRR purchase I wanted to make sure I'm getting it right. Let me know if I'm forgetting something in my numbers below please: Buy purchase price $50,000 down pay...
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Is it better to work with realtor's when trying to put property under contract
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As the title suggests, I've read conflicting resources suggesting that either:
- repayment mortgages are better due to the added benefit of mortgage paydown; and
- interest-only mortgages are better due to higher mo...