Sean Honeycutt
Debt - Really Good or Bad?
Okay, if this is the wrong forum I apologize. Anyway....I keep reading articles saying that you get better returns if you take out a mortgage. Of course it makes sense that a $300/month profit on a $20,000 investmen...
Jose Bordes
Hard Money Draws on a reimbursement basis
I recently financed a deal using Hard Money with the typical LTV 80% and they cover 100% of rehab. My question is "Is it standard practice that the Draws are on a reimbursement basis?" This totally messed up my calcul...
Jason Porto
Estimating Expenses for House Hacking
Currently I'm analyzing numerous potential multi-family properties (duplex, triplex, 4-plex) and want to make sure I'm estimating my expenses correctly. The only reason I'm looking at multi-family is so I can house-ha...
Jason Eyerly
If I Use A HML To Fix/Flip, What Costs Can I Expect To Incur?
Hello BP, I'm looking to get started looking for my first property to flip very soon. I will be using a HML that wraps all points and fees into the loan, and hopefully will have no interest payments for the first s...
Dave Friedman
Pay cash? Use home equity loan?
Hi, all. I'm brand-new to this whole thing, and am about to buy a pair of properties that will require a total of $15K work done.Property A needs a new roof and some other work. Probably to the tune of $10K. This work...
Account Closed
Home Owners Insurance Really Necessary?
Wanted to get the the thoughts and opinions of investors out there. Do you really need home owners insurance for out of state investments that are owned all cash? I guess the real question is if my deductible is $10...
Al Norman
LOOKING FOR A LENDER UNDER 50K IN PA - PLEASE HELP
I just got under contract for my first buy and hold in Delaware County today however I am having a hard time acquiring a loan under 50K(I have stable income, credit and downpayment). Property is 63K putting down 20%(...
K Anja
My tenant (in condo) flooded unit below...
I own a second floor condo that I rent out. Last month there was a flood in my tenant's bathroom (she had hooked a device into the toilet water supply; the hose failed, and the toilet shut off valve was frozen). There...
Joseph Grullon
Family funding 1st investment
Good morning BP,
So I am in a blessed position where both my mother and my wife's mother are looking to help us get a start in start in real estate investing. My goal is to find deals through the mls or through netwo...
Nelline H.
Memorandum on my property
Can someone please give me some advice before I spends thousands on an attorney. I signed a purchase agreement with a seller thinking he was the end buyer, turns out he is a wholesaler and went past our closing date ...