Carlos A. Buentello
Need help with Financing
I want to get into investing, but I also have a goal to purchase home. My situation is as follows... I have rental property valued at around $125,000 with $66,000 30-year FHA variable note on it. I want to refinance a...
Katy Fry
Credit Score Issues
HiI am currently looking at purchasing a 50-60k rental property. My first. I am looking for a loan for that property but it is a little bit of a "non-conforming" property and I also don't have the 20% down for a con...
Nick Payton
Factoring in rehab costs into "Running the numbers"
Hi BP members!
I need some direction while running my numbers for a deal analysis. When it comes to running the numbers, I know all of the basics such as using the sales price and finding all expenses associated with...
Babek Sandhar
Renovation help! Should I take a Equity Loan, HELOC, or other
Hey BP,I would love input on what you guys would do in my situation. My mom bought a house and we were thinking of renovating the house so we can refinance and buy another property. We bought the house in 1997 for 250...
Lynn Gadd
assumable loan rate but need heloc and rates suck
I am looking to purchase a house in austin and found an assumable VÁ loan that would give me about a 3.25- which is great- but i would have to finance the remaining 400k price difference - and with only 100k cash to t...
Josh Rodriguez
Any great sources to learn about different locations?
Hello BP, I have been analyzing deals mostly out of state. Some locations I am either not too familiar with or I don't know a thing about. My question is, what are some great sources to find more in depth information ...
Anna Smith
How to spend $80,000
Hello BPers!My husband and I will have $80,000 to spend on rental investments next year. We will invest in a buy and hold, in the Memphis area. I am curious how you would invest $80,000...1. Purchase a home with cas...
Tym Pearson
If you have two niche properties but want to buy more rentals
Hi There! I'd love input on what I have going on over here. I have three properties, and my goal is to acquire more rentals. One of my properties is in town and brings in $700/mo. My second property is in a highly sou...
N/A N/A
Cost of refinancing.
I've never refinanced before. Generally speaking, is the cost of refinancing a mortgage usually more, less, or the same as getting a regular mortgage for purchasing a house as primary resident?
Roy H.
How do you calculate ROI?
Hi all,Doing research for my first deal (still).There doesn't seem to be a "method" to calculate returns on properties- at least not like traditional rentals (50% rule, 1% rule, etc.) They have the "back of the napkin...