Nick Leamon
Prospective Tenents Running a Daycare
So I am currently in the process of re-renting a property, one of my potential applicants is a couple who run a day care out of their house. They are licensed with the state and have been for 4 years, they have provid...
Francisco Hernandez
Using your own money or someone elses?
Hello BP Tide (Podcast #240),I am new to investing and just got into my first buy and hold deal on an mfh, in Puerto Rico at $65k. I am using a conventional nonconforming loan at 5.625%, with 25% down (which I'm able ...
William H.
debt to income ratio over 55%
Hello all,
My problem is I am having trouble finding financing because my debt to income ratio is right at 55%. The lenders I have talked to say it needs to be around 45%. How can I get financing? I have the ...
Nate Carlson
Should I pay off my mortgage?
We have a mortgage of $280,000 at 6.5%. I have the cash to pay off the house right now, and still would have about $40k left as an emergency fund.Should I pay off the house, invest 50% and only pay off $140k of it, or...
Eugene Ricks
Screwed on 1st BRRRR
HelloJust completed my first BRRRR and got screwed.I acquired a HELCO on my 1st Rental property for $72,000 @ 8.5% then purchased a triplex for $43,000, rehabbed using $24,000. Total invested $67,000. I used the sa...
David Ackerman
advice wanted on use of excess cash flow
Hi all. Here is my current situation
Property 1: A recently purchased SFH in Raleigh. I put 20% down and have a 4.62% mortgage on the other 80%. The property cash flows $200/month. I have $4,000 in reserves for v...
Nick Loukas
New investor....hitting road blocks getting my first deal
Hey BP !! I’ve been aggressively searching for my first deal and have made several offers on potentially good cash flowing homes (both multi family and sfr) in the Lehigh valley area of eastern PA. This market tends t...
Alejandro Flores
Assignment Of Mortgages Payments Sale Wrap
On Assignment Of Mortgages Payments Sale Wrap, creating a creative finance strategy, I know you would mirror the note/ mortgage and pass on the deed to the end buyer. The end buyer would then put a down payment then a...
Edward Shafidiya
Newbie from Brooklyn, NY
My name is Edward and I am from Brooklyn, NY. I am really excited about entering the RE field and obtain as much information as possible in order to be a successful investor.
Jesse Hoffman
Large portfolio need advice on future financing to expand
Here is my background. I own 44 rental properties in Maryland and one beachfront condo in the Outer Banks NC. Most of these properties are condos ranging in price from $60,000 to $100,000 and each has a monthly condo...