Justin Bush
Thoughts on an offer for a property…
Hey all…I have a 25 unit property for sale and have received an LOI with some seller carry terms. The buyer intends to get enough conventional debt that we could pay our mortgage off as well as closing costs and have ...
Account Closed
Basis when purchasing subject-to
@Steven Hamilton II and @Dmitriy FomichenkoI read some threads recently where the info on basis when purchasing sub2 seemed conflicting. 2 years ago I bought a property subject-to the existing liens of $250K. Then f...
Kelvin Funes
Would I be able to purchase 2 properties in within 4 months?
Hello,
I am trying to purchase a multi family house in Georgia this month. I am also currently looking for a 2 family in NJ (where I live) and I am hoping to move out before my lease is up on Feburary 2019.
Would I ...
Katie Moynihan
How much capital is needed to buy an apartment building?
I currently have two renal properties a multi family and a single family and am interested in expanding to something larger. I’m wondering how much liquid capital is needed to purchase an apartment building. I would b...
Brady Robertson
Guidance and general questions
I want to purchase my first property in the next year or two but not sure on if the timing is right because of my current situation. I am 25 years old, currently have student loans to pay back, and live in the downtow...
Amir Navabpour
Any reason to not recast loans?
Some of my rentals loans have about 20 percent of the debt paid off. Given that we may be going into turbulent economic and times, and I work in an industry going through a downturn I figure now is a good time to imp...
Travis Billings
Pay off debt first before investing?
Hello BP!!
This is my first post. I've become interested in real estate after talking with a friend about how to get more cash flow. I've been reading many posts and listening to podcasts daily on BP. My goal is to ...
Gloria Mirza
Need help calculating my debt to income ratio
I'm trying to calculate my debt to income ratio so that I can see how many properties I can qualify for under a conventional loan. I understand the basics that Principal, Interest, Taxes and Insurance (PITI) all coun...
Mike Robinson
Cash out refi strategy
To the money community,We currently are doing a cash out refi on our primary residence. We will get 50k cash and will have a 4.875% interest rate. We plan on using the majority of this money to pay off most of our cur...
Armando Carrera
Needing advice on the next investment
Hi everyone I’ve gotten some advice from a very small circle on what to do next. I’d like your guys input.We have some lane for sale that can net us roughly 100k. (Yes I know it may take months/year to sell.) what sho...