Eric Jones
How to Calculate Payoff and Arrears on Non-Performing Note
Hello,I'm currently doing due diligence on a non-performing junior lien that has gone unpaid for about 5 years. I know the unpaid principal balance, interest rate, and monthly payment but the arrearages and payoff amo...
Carolina Mejia
HELOC- pros and cons
Hello! I refinanced my 1st (and only) door in January 2022. The goal was to lower my payment and remove the PMI. This was before listening to the BP podcast so I didn't think about cashing out- I figured I could do it...
Joe M.
Heloc vs refinance question
Hey!I own a single family free and clear. I would like to take out a heloc on it. It is non owner occupied. The rate I’m looking at is 4.75%. First 10 paying interest, next 20 principal...Is it possible to refinance a...
Xavier Torres
Deed in Lieu vs Short sale
So I am in the process of purchasing a multi-family home at a big discount from a seller that I am close to that is in foreclosure. I am trying to lean one way or another between doing a deed in lieu for six months an...
Leo Poon
What scenario classify a deal as syndication or partnership?
Hi BPers,I want to know what kind of deal set up would classify as a syndication deal or a partnership deal. I have friends who are committed to invest in real estate deals together, but I don't want to get into SEC r...
Brandon Sturgill
Please Assist me in Understanding a "Cash-Out" Re-Fi...?
Can you please confirm my understanding of this strategy is accurate...so, I buy a cash flow property in the following manner:Purchase Price: $100k (including all entrance costs aside from down pmt...)Personal Cash $2...
Richard S Myers
Balancing a full time job and investing
I work as a Dominos Pizza GM(with a goal to eventually franchise), and I am wondering how people with full schedules balance work and investing without burning out. Any advice would be greatly appreciated.Thanks agai...
Mark Ciccero
Backing out of a purchase at Sheriff Sale in Ohio
I have a friend that purchased a home at their county sheriff sale this week and no longer wants to move forward with the purchase. this particular county didn't require certified funds or cash...he simply used a per...
Nathan Fraser
What is a “cash out refi”? And how do I use that as a strategy?
Hello allI’m looking to start my journey of creating a real estate portfolio for renting. One thing I’ve come across in my research is what’s called a “cash out refi”. Could anyone here educate me on what that is exac...
Mallory Guerrero
PM & Security deposit
Our PM company and our numbers aren’t adding up... this is from them...
“As we are required to hold the amount of the security deposit, it is deducting from the ending balance each month and what’s left is sent as ...