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On Wednesday, September 21, 2022 at 2:00 pm, the Federal Reserve Bank raised short-term rates by 0.75% to fight inflation. The Fed’s benchmark interest rate is now between 3 percent and 3.25 percent.
The interest rat...
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Hey BP,I'm currently in the process of obtaining a HELOC on my primary residence that I plan to use to BRRRR. Assuming it takes 30 days to close on the HELOC, and another unknown amount of days to find a deal, get it ...
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I am trying to understand how note buying works. I was looking at a non-performing note for sale and the unpaid balance is $79,300. The property value is about $10,000 and the seller wants $2,000 for the note. Is this...
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Dear Sir. "Our governor Cuomo has forbid us to travel to TN next week due to COVID. Can we get a refund?"
Answer: "Not only no, but hell no. Number one, my homeowners are not going to be held financially liable f...
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We’re planning on purchasing our first property this year. We were thinking it would be beneficial if we took a couple weekend trips to check out some prospective cities. Has anyone else done this and do you have...
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Hi, looking for some advise...
Tenant is behind on rent, tried working with tenant during the pandemic on a payment plan. Beginning the year is nowhere to be found, although all their belongings are inside the house....
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Hi all! I’m trying to learn as much as possible in doing my first deal but have a few questions. I know Multis are hard to come by in the area, So trying to figure out a house hacking / rent by the room strategy. ide...
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I am curious to know how those with multi-family/apartment investing experience factor rising interest rates into their exit strategies. Since most commercial financing is short term (compared to residential) a sale o...
Hi, I recently came across some good investment deals advertised by Wilson Investment Properties (a Silicon Valley firm specializing in properties in Dallas-Fort Worth area). Before I invest I would like to find out...
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I am buying a lot in Southern California to build a spec house. What are the best contingencies to have in the offer to protect me. Also where do I go to see exactly how to write up the offer? I am a mortgage broker b...