Hi all, first-time poster here, and new REI in South Florida needing a little bit of guidance. I've naturally been pretty frugal, and before getting into real-estate, I paid off the majority of a small, 30-year mortga...
I've been studying a lot about this strategy but haven't been able to find an answer to this question:
When undergoing the refinance step in the BRRRR strategy is there a 20% down payment requirement or is the equity...
Hello BP Fam!I'm prospecting a property here in CA, and it looks like it's about to go to sale in about 8 days. The owners have about $290K in equity in the home...however, has it listed on the MLS at the top of the m...
Let’s say I purchased investment home for 200,000. After many years I have 100,000 inequity built up. If I then sold this home for 250,000 (without 1031 exchange) , what am I taxed on?
Hi Bp community my parents have a 4 unit building in Los Angeles mortgage interest rate is 2.00% with about 600,000 in equity. What would be the best strategy to pull out cash (300,000) to renovate? With out touching ...
Need help in clarifying when you would assume the loan of the seller and what that entails.Scenario:8.5M home with NOI 516k but has A debt of 1.7M left at 4.3% interest and 8 years remaining. B debt of 1.6M at 3.43% i...
Hello everyone, I have one rental unit that currently has a 3.2% interest rate. It has about $100,000 in equity that I would like to access Is there any way to do that without refinancing so I can avoid changing my in...
I am analyzing a potential deal and I really like some help figuring out what I am missing. It seems like $140,000 in built in equity seems to good to be true.New Build DuplexKent, WA - 3,155 sg. ft. 3 BR/2 BA/2 Car ...
4/2 1800 sq ft, large lot, located in greater cincinnati, rented for $875, $62,500 20% down 8% interest, two year balloon, 30 year am. Comps point at 55K. House is dated but in good condition.
If so, why?
If not, w...
Hi my name is James I live in pentwater Michigan and am looking to start buying complex and renting them out or buying a home and flipping it. I’ve own 2 homes first own I had for year and sold it got 8k in Equity, th...