House bought in 2009 with $115,000 left on 30 year note.
Pmts w/o Taxes&Ins = 705.11 @ 5.8%
Property taxes paid separately @ $3360/yr
Rent estimates at $1300/month
Ins pmts about $200/mo...
Hi Fellow BP members,There is this property for sale (4000sqft on a 0.6acre lot) that the owner (an elderly woman) inherited free and clear. It needs a lot of work to be done - probably a 100-150k rehab work which she...
Hi BP,
Can you BRRRR a turnkey property? At least pull out a majority of your investment? Obviously depends on scenario etc but generally speaking. I know it depends on goals and the goals is keep as much of my cap...
I have been researching how to finance my business for awhile and frankly I've come to a conclusion already, but I'd like some insight nonetheless. I plan to leave the area (VA) within the next year and a half (on mi...
I purchased a small house last fall. I could see myself living there for a few more years, but things could change and I could also need a bigger space. Either way, I would keep the property as a rental. I am also wor...
We have an offer to rent out our property but the prospective tenants have some questionable history. Low credit scores (low 500), unpaid medical bills, a few collection agency accounts, supposedly never late on rent...
Can someone provide a numerical example of how to BRRRR your property into refinance? I'm confused with how much you can refinance. I.E. I buy a multiunit that needs improvement for 100,000. Rehab is done for 50,00...
Hello Team,I am working on updating my Annual Property Operating Data worksheet (from "Cashflow and 37 other equations you should know"). I have a CAP rate metric on there, I don't have ROI. What is the difference bet...
Does someone mind explaining subject to offers? I ask as I have received offers from buyers that want to do an assumption of the current mortgage via trust acquisition and provide a down payment due to the seller. The...