Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
I just heard on the news that real estate prices are dropping like crazy in Puerto Rico due to the state of the local economy. Wondering if that's a good opportunity to start investing there. Anyone on BP currently in...
So the 30yr mortgage rate went from 3.93% to 4.46% over the weekend! Holy cow!
Could that be the reason Mortgage rate applications fell 3%?
It would make sense!
How do you feel this will affect REI? Buying and Hol...
Hey everyone.Just wanted to gauge sentiment here. If you are planning on buying property on the next dip, what percentage decrease (I.E. 10%, 20% decrease from price highs) would you target for adding to more properti...
This is the initial email from my broker. I live in California. The property is in Chicago Heights, IL. My broker is in California. I appreciate your perspective and feedback. Thank you in advance.
This is a very goo...
I have a few predictions about the economy, and am looking for the strategies of those who have a similar views. I'm not looking to discuss differing views, just if you agree with this view.First, I believe the econom...
Hi Community! I'm in contract on a deal currently and since then, I've found BP and I'm starting to question my decision. I'd like to get a little bit of advice on my current situation to help nudge me either way. I l...