Tom Dwyer
REI Newbie Yankee in North Carolina
Hello all - new member here at BP. After 20+ years in marketing and on the cusp of becoming an empty nester - the desire to not only change careers but spend more time focusing on myself has led me here. An eternal ...
April Nelson
Bad experience with Lima One Capital. Not what they promise to be
I can't wait to get out of my loan with Lima One and will never do business with this company again. Reports about their lack of transparency are spot on..so are reports of them being full of money draining surprises....
Ashley Kneale
Cold introductions for off-market houses: Possible family death?
Hello everyone!IntroductionI run by a house in my neighborhood that is clearly abandoned, but in a lovely neighborhood. I moved here 2 months ago, so while I don't know everything about the area, I do find it's a grea...
Jim Hwang
Help determining depreciation recapture
Hi all,I've struggled for weeks to get a definitive answer to this, and am hoping the magic of the BP community comes through here: how do I calculate a rental property's total depreciation amount from which 25% will ...
Pamela Winslow
sold mortgage note that got bigger
Hi, I just bought my first investment property, I am paying my first mortgage payment. I was informed my mortgage was sold from the original bank I made it through. I received my first paper statement, all good, sam...
Matt Walter
aprtment complexes
I am looking at possibly getting into apartment complexes, but with the banks currently tightening up it is making these deals difficult. Who invest in realestate investors who are getting started? Thanks.
Jane S.
Would you assume this 2.3 % loan?
This is for a $500,000 VA loan with an interest rate of 2.3% and MLS list price $600,000.It's an up down 2/1 duplex, each unit 850 sq ft, in a desirable location. However, the condition of the upper unit is disgusting...
Jennifer Ullrich
Large Appraisal Discrepancy....Anyone Have This Issue
Hi All, I'm looking for advice. I'm purchasing a duplex in Florida for $170k, my lender's appraisal came in at $135k, which is a $35k discrepancy. The seller is obviously annoyed and ordered his own appraisal, which...
Angela Smith
How much rent to charge?
We are prepping our first property to rent starting Oct. 1.
It is a SFH built in '45. 1200 sq feet on one floor, and 600 sq ft unfinished basement with washer/dryer hook ups. 2 bed, 1 bath.
The neighborhood i...
Julian Sanchez
Lender Amortization misunderstanding
Good evening BP, 30 year amortization on a refinance on a 825k loan, lender parent company large REIT
Interest locked based on the swap rate
10 Yr Swap Rate 1.57%Credit Spread 3.81%Interest Rate 5.38%
Here is the i...