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...
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 ...
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...
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...
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...
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....
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...
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...
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...