Hi!  I am a first-time investor and have to decide whether to go with a 4.5% 30 yr fixed rate with 25% down on a multi-family or go with a 5/1 ARM 4.25% 25 yr amortization schedule with 20% down.  I plan on holding th...

Hello guys,Just wondering if anyone can help me out here. Just about to close on a property soon and was wondering what my tax hit will be under these circumstances on a sales of a Los Angeles multi family property.Or...

Hi everyone,This is my first post on BiggerPockets!  I have been a big-time lurker on the site for many months now, and decided that I am ready to post my first question on the forums.  This might be a very newbie-typ...

Is it common for a landlord to negotiate the cost of rent to a tenant , For example say if a landlord has a property on the market for $700 and the tenant asks can the rent be reduced to $650 will a landlord consider ...

I'm currently selling a property FSBO. After inspection, I got a list of things needing repair. Buyer's agent without asking me whether I wanted to do repairs myself or do price reduction. She just sent me a repair ad...

I'm an newb that needs some advice. I'm wanting to start submitting some cash offers on some properties that interest me. What is the best way to structure these offers that would allow them to remain a strong of...

One of the most intimidating aspects of getting a loan is trying to sift between jargon and fact. For something as important as a mortgage there is plenty of misinformation out there. If you talk to five different peo...

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Chicago.

Purchase price: $517,000

Cash invested: $18,095

I'm currently in the process of closing on my first investment - ...

Anyone understand how HUDs new loss mitigation concept supposed to reduce mortgage payments? I'm not getting it. Particularly this paragraph here. I just don't see how the extra 2nd mortgage is supposed to (temporaril...

My tenant’s lease is up at the end of august and they don’t know if they want to renew a lease because it’s too expensive. The average rental around the area for a 2b/1ba is around 1500$. They are good tenants and I’d...