David Zinn
#askbp 15-yr vs 30-yr mortgage
@Brandon TurnerHey Brandon!What's better: a 15-yr mortgage or a 30-yr mortgage?I can still cash flow just fine with a 15, so I decided to take it (PITI with the 15-yr is $550/month, while it is $350/month for the 30-y...
Anderson Charles
How did you get started in private lending?
I am an landlord and own 5 properties, 3 are free and clear. I just finished the private lending book, so I feel like a brand new private lender - hence the starting out post. For those that do private lending - what ...
Bryan Plumb
Best way to pull equity out for first investment property
Our situation:End goal is to have a single family home in Maui in a few years...We have roughly 257k equity (conservative estimate) in our single family home after about 7 months of ownership (thanks to locking in our...
Isaac El
First BRRRR - but what happens when you can finance too much?
Hi, I have been listening to and reading a lot about BRRRR and I am all for it, have been looking for property to fit the model for a long time to get started out. I found a property that I was planning on fixing an...
Dalton Skach
Interest only/partly amortized loans Colorado
I am wondering if anyone knows of any federal banks or lenders that are offering interest only or partly amortized loans. I do not have the income or the capital to pay the conventional loan payments on a $600,000 p...
Thomas Parr
Issues with a private lender
MY situation is this: I own a single family rental that I want to refi or perhaps sell. The lender is a local private individual who has helped finance several deals for me over the years. There is a substantial discr...
Joseph Liechty
Using HELOC to pay off mortgage
Hello,Does anyone have experience using a HELOC to pay down a mortgage? I recently heard about this strategy and I'm intrigued. I don't understand how this is more beneficial than just paying more towards the princi...
Brian Johnson
How can I lower my monthly mortgage for my duplex?
Hi All!I have owned a duplex now for almost 4 years. It was my wife and my first home purchase in Wisconsin, and it's been awesome to have the capability to have an owner occupied place coming from living in one bedro...
Ben Fulcher
Closing on 6 Unit Property Today
So today the wife and I are closing on our first real estate investment. It is a 6 unit complex we are buying for 146k. We should net around 400 in cashflow monthly which includes 15% for repairs and maintenance as we...
Gary Parker
More Dodd Frank - Interest Rates
Thank you Brian Gibbons and Bill Gulley for all you have posted about this subject. My brain really hurts. Assume I buy a house using a portfolio lender for long term financing and they loan me 75% LTV after th...