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...
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...
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...
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...
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...
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...
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...
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 ...
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...
Background: I am looking into using a VA loan to purchase a single-family home. I am hoping to help cover my mortgage with a couple roommates by using the house hacking strategy--not necessarily looking for any cash f...