Account Closed
Asbestos issue in my newly purchased house
Folks,I've discovered asbestos in ceiling and joint compound of wall in a house I was planning to flip. Long story short I've contacted an attorney and she claims that we have solid case. Let me explain as I believe i...
Marcus Tam
Invest locally in LA or out of state?
Hello,
I live in LA and I managed to save up about $230k-250k in my real estate investment account. Is buying a duplex (or triplex if i can find/afford one) with the intention of living in one unit and renting out th...
Scott Trench
More Riffing on Mortgage Rates (I think they will keep ticking up!)
As we enter 2H 2023 and head into 2024, I expect mortgage rates will increase and eclipse 8% on average. First, I expect the federal funds rate to rise one more time by 25 bps, to continue to rise before settling in w...
Christian Lincoln
Tenant Damage...help, please.
2 year lease. Really nice 4 bedroom. New Yorkers who have never lived in the country, now they want their security back after the following:1. Let the oil run out, 13 breaks in the pipes, new pipes, new ceilings. I ma...
Greg Heden
Buying Decision - 4 plex
When analyzing a deal, should one factor in future appreciation, annual mortgage reduction, and tax savings from depreciation (offsetting other passive investment income) when calculating ROI? I am looking at a prop...
George Gammon
Dave Ramsey Is Misleading The Public
I wanted to address this to educate people who have been mislead by the financial services industry...not just Dave Ramsey Step 7 - Build wealth and give. This is where he want's you to "invest in mutual funds," and...
Kyle Richey
BRRRR: Does a cash-out refinance increase the mortgage payment?
Hi, I'm new to real estate investing and I'm really enjoying the BP community!The BRRRR method seems like a great choice for our goals, but even after watching the BP video on cash-out refinancing I'm confused about o...
Rob Z.
Pay off car loan or pay off first rental??
Hey everyone, looking for some input. I have a car loan for 45k at 1.9% I also have my rental property note that is 46k at 5.2% I am in a position to pay off one, which would you pay off ?Side note, I'd love to get in...
Joe D.
Should I sell or rent out my condo?
Hey All,I need some guidance here. My family and I have outgrown our condo and would like to buy a single family home ASAP. I bought my condo in 2005 for $138k then I foolishly renovated the entire place myself for ...
Scott Sweitzer
JV Cash Flow Structure
I've invested in condo units in DC and had recent success filling them with Section 8 Voucher-Holders for above market rents. The investment is tilted towards cash flow, as there is little opportunity to create force...