Logan Turner
How much is a note worth
What is a "good" price to sell a note for?
Ex. 95k note, 10 years, 10% no balloon. Performing, homestead owners of house.
Daniel G.
Seller/Owner Financing for Multifamily Acquisitions
Hi BP Community.My question is about seller/owner financing for multifamily acquisitions. I am looking at a 97 Unit property in Texas that is being offered at close to an 8% cap rate.I visited the property on Monday a...
Curt Davis
30yr Loans vs 15yr Loans
So of the 20 rental homes I personally own in Memphis, the first 9 of them were put on 30yr loans and the other 11 on 15yr loans. To give you a simple example of the difference, here is what you can expect:$100k pr...
Sam Alex
re-amortization options, lender doesn't support
Hi,I would like to lower the monthly payment on primary residence by paying down some of the principle. My home loan was sold to 'Bank of the Cascades' around 6-months ago, i called them and they told me they don't h...
Leeling Chew
Which interest rate is better?
We were given these two options when we refinanced our house recently: 5.25% with $8000 cost OR 5.875%. My husband chose 5.875% with the following reasoning:"If I had applied for a 5.25% rate for a $401250 loan, the l...
Joseph Billow
Buy and hold cash flow
I'm not sure if there is "one" answer to my question. However I'm not sure how one should determine cash flow on a SFR or small multi family Buy and Hold. Specifically in regards to the term of the mortgage. Is it com...
Dustin Pavlik
22 year old college graduate up to 9 units
I️ grew up around real estate investing. My father has 35 units and has done very well for himself. As I️ was going through college I️ hadn’t quite figured out what I️ wanted to do with my life. One day I️ came across...
Kelvin Tian
Can anyone recommend a good software for loan servicing?
Can anyone recommend a software to do loan servicing to track monthly principle and interest payment, preferably send a monthly and annual mortgage statement? Many Thanks!!
Ryan York
How To Make This Deal Work?
Hey all,I'm trying to figure out how to make this deal work for us and the seller. He's pretty firm on a purchase price of 40k. It needs about 20k in repairs and the ARV is about 65k-70k (conservative). He's open to s...
Ron B.
Dumb question, sorry in advance
Sorry in advance, I'm not an accountant and I'm trying to figure out if a property is worth buying by doing my own rough math before paying my accountant to do it for me. So I have a $3.5m purchase and have a 100% loa...