Michael Macaluso
Cash out refi terms advice
Hey everyone!I’m in the process of completing my first cash out refinance and I would just like some advice. I have two options at my disposal. I owe 120k and my property was appraised for 270k. My first option is a 7...
Brian Spink
Duplexes to small apartments....numbers don't seem as attractive.
I've got 5 duplexes in Jackson and Adrian Michigan that I own and am starting to look into transitioning to small apartment buildings, however, the cash flow doesn't appear to be as good (which goes against everything...
Morgan Porter
Cash Out Refi Now or No?
I'm a small investor with a few rental properties. I manage them on my own, including strong vetting of all potential tenants.
Long before coronavirus turned everything upside down, I started the refinance process on...
David E.
Getting started with a Negative Cash Flow for a possible future Snowball Strategy ?
Hi Everyone,
Let it first be known that I am very new to BP and learning all the time. I guess I am just looking for validation on the approach that I am currently taking in my buy and hold strategy.
In...
Michael R.
Long Term Strategies for Balloon Payments
Hi All. I am investing in a 3 family house via an LLC, non owner occupied, so I will be taking out a Commercial Mortgage. I'm putting approx. 75% down and getting a 5-5.75% loan on a 10 year term amortized over 25 yea...
Doug Quist
Someone who has done a subject-to deal in SE Idaho
I'm interested in connecting with someone who has done a subject-to deal in South East Idaho in the last couple years.
I'm under contract to buy a house where the sellers were pretty "motivated" to sell. They lowere...
Marty Rogachefsky
What Are Your Views on Appliance Protection Plans
Hey everyone!We had to buy a new fridge for our rental property, which cost about $1000. I'm wondering if we should get the Lowe's 3-year protection plan with it. It costs $150 and they deal with maintenance issue. Do...
Cliff H.
Anyone using online stores for convenience services/revenue?
Stumbled on this service, which appears to be an interesting business model in itself and got me thinking about how this might work for convenience items such as toothbrushes, deodorants, or other items that are not n...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
N/A N/A
Newbie in Montgomery County MD
Hi All,
Just came across and joined this site today. I am new to MD and looking into ways to:
1 - decrease debt
2) increase FICO score
3) save money
4) buy my first home
I look forward to chatting with you all.