James Orr
Return on Investment from Paying Off Mortgage Early
Perhaps someone can help clarify my thinking on a financial question.For this discussion let's assume we're talking about a $100,000 30 year fixed rate mortgage at 5% with a payment of $536.82 per month.Not that you w...
Matthew G.
Taking advantage of 0% APR credit card offers?
Hello all,I am new to the BP community. My partner and I are looking to invest in a multi-family property in the Seattle area. We are currently searching and analyzing properties on the market.My question is regarding...
Neil Copeland
Bank or Brokerage Account
This is about the best place I can find, and here is my question. Once I open my Solo 401k, can anyone recommend a bank or brokerage house to open an account? I have a desire to invest in the stock market, with the ...
Jason Prendergast
To flip or rent?
My wife and I have been talking about flipping for almost 8 years. Well, we finally picked up a great little house in Debary, FL. We're working with an agent that not only flips properties himself, but is also part ...
Janelle Scruggs
Credit Rebuilding....Help?
Hello Bigger Pockets Family, I am just now pursuing my interest in real estate investing and decided to check my credit score and whoa.... did I find some surprises! A lot of errors. Some thing untrue and some true. ...
Michael Chase
Is anyone having as much fun WHOLESALING as I am?
Ok, this business is hard, it's not easy, but I can say that I am enjoying what I do for a living. The connections I have made, the knowledge I have gained, the bigger picture that I had not seen prior to Real Esta...
Dave Row
HELOCs > $35K and FICO impact
Hi, I’ve read elsewhere (still looking for link) where FICO treats HELOC amounts > $35K more favorably than lesser amounts. IIRC, this has to do with calculating how the HELOC amount factors into your debt service...
Lana & Tyrell K.
Costs of marketing via Direct mail campaign
So as I am learning about shotgun marketing I am hearing that the process in general could be quite expensive yet no one has explained specifically what parts of the shotgun style of marketing actually IS expensive...
AP Horvath
Valuation on CRE as cash business without tax returns?
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
Courtney Nguyen
What is the legal limit on interest rate (over Federal Reserve rate) for private loan
Hi BP community,
So I heard interest rate on private loan can only be 10% over Federal Reserve rate, is that true?
For example, as of now 3/20/2023 the Federal Reserve interest rate is 4.5% - 4.75%. Let say our hol...