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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...
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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...
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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...
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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...
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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...
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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...
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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...