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My husband and I have excellent credit, own 2 homes/mortgages (1 is a rental property), and due to a job loss and other issues, our income has been cut by half. We have tried to wait out the recession, but have given...
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I currently have a rental property with about 150K of equity in it. This was previously my primary residence and has been rented for 1 year. So far the tenants have been paying the rent, sometimes a week late and no...
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I've often heard the phrase, "Find the deal and you'll find the money", but how does one get around putting an offer in on a cash only deal when you personally don't have the cash? Especially in the hot market I'm loo...
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Hello BP,
My parents and I need help. Well to start off I'm fairly new in the Real Estate world but I understand the potential in owning real estate is to develop Cash flow by renting it out for more than the full m...
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Hello everyone, I have an investment SFH property in Houston that's bringing me $1600 a month. $5000 annual tax, $300 HOA annually, $1400 insurance, low maintenance fees. $75k equity. mortgage payment $571 but I have ...
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Hi Everyone! I'm trying to run numbers on a potential duplex property i've been considering in NJ. (One unit is a 2br/1bath that can bring in $1200, the other is a 4br, 2bath that can bring in $2000.)
[i]Purchase p...
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So I’m purchasing properties in Indiana right now and working with smaller banks and want to get my capital out of the property. I’m just not sure if there is a standard waiting period before I can refinance these inv...
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I am looking into a 25 apartment unit. Here are the #s:
List Purchase price- $745,000
Down payment- $90,000
Gross Rent (with 5% less vacancy)- $171,420
Less Expenses- $82, 930 (46%)
Net Income- $88,490
Mortgage/Deb...
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Hello, I am new to the BP forums and would like to know what all of you think about my situation. I started investing when I was in my early 20's when I purchased my first home. As I moved around the country due to my...