Roy N.
Looking for thorough tutorial on US Mortgages
Good morning BP!
We are getting closer to that point in time where purchase of a US residential property (4-unit) will become a reality. In preparation, I am looking for a thorough, but concise tutorial on ...
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50% required to turn a profit...
Is this a common experience? I am investigating commercial REI and recently went out looking, but found that I would need at least 50% of a down payment in order be able to afford the mortgage payments. Is this often ...
Chris Weaver
Lender that will loan based on rental income
Has anyone recently used a lender that lends based on the rental income of a property? I'm looking for lender recommendations as well as how the rental income is used for qualification purposes and down payment requir...
Justen Ashcraft
Purchasing OO property while underwater on current home
Asking this question for friend, as we haven't been able to get a positive answer.She owns a property that she bought in 2007 at the peek. worth about 145k and owes about 147k. She wants to keep it as a rental prope...
Thomas Oakes
PNL report for apartment complex
Hey y'all! I am looking at a PNL report for an apartment complex, and I am confused about a couple things. These might seem like dumb questions, but hey, I'm brand new to this! 1. What is the depreciation expense?...
Drew Slew
Jersey rooming house eviction standoff
Interesting situation: have 3 rooms rented on the 2nd floor of a jersey city 2 family house, tenants started attacking me the landlord after 1-2 months of living in apt, claiming its a rooming house etc, withholding r...
Sean Robinson
First time housing buyer. Do I invest all my equity into my first apartment?
About me: Male, 30 years, single, fulltime worker, no credit, no car, living in Norway with my parents. Looking to buy my first apartment.I have converted from Norwegian Kroner to American Dollars. Numbers are rounded...
Ryan Bradley
Can someone explain balloon mortgage to me in layman's terms?
Ok, so I am thinking of seller financing a home and it was advised I offer a certain % down and approach the seller about a 5 or 7 year balloon mortgage. I would make payments every month to the seller and at the 5 or...
Ryan Allison
Subject To - Florida
Looking at a property in Florida that is a subject to deal. 5.75% interest, $54K outstanding but the owner is requesting $22K in cash & I would take over payment. Owner purchased a little over a year ago for abo...
Quota Thornton
House Hacking and Rentals
Hi everyone! I have a question that may seem silly but I’m curious to know if I can house hack a duplex and rent out a triplex at the same time. I’m aware that I would have to put down 3.5% on the duplex since I’ll be...