I recently closed a wrap-loan with a local bank where I financed a home with a 3 year ARM on 20 year amortization and then sold the home as owner-finance with a 5 year ARM and 30 year amort. Having to this made me cri...
I live near St Louis,MO and see so many big old homes for sale in the $20,000 to 40,000 range. What advise would you give to a newbie looking to get started? The zip code I am referring to is 63115. I am looking fo...
I have no RE experience. Just moved to Columbus in February from HCOL city. Moved here for the ability to start RE portfolio with a lower upfront cost. Also like the Columbus metrics for population/job growth.- Don't ...
I'm a first time buyer and am going through a stage of extreme indecisiveness now. I made an offer on a 3 bedroom in Brooklyn, and it was subsequently accepted - the offer was about 10% below an already lowered asking...
I’m working with my father on managing his RE. We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. My father is 60 years old. We have been discussing options on how t...
I am having a raging debate with myself over selling a condo using a 1031 exchange to buy a better cash flowing property – or – refinance down from 4.625% to 3.375% to get it better cash flowing.
The condo is in a ve...
Hello Bigger pockets community! I’m an now learning the hard way about how important it is to make sure the numbers and math behind a deal need to make sense in order to do a deal unfortunately.I bought my home to liv...
Made our first deal on a buy and hold. Is it better to pay cash or finance personally or pay cash or finance through our business?
My lender provided me a rate of 6.375%. This is for a 20% downpayment. If I put down 25%, I can get the rate lowered to 5.75% (a decrease of 0.625%.This does raise my cash on cash return. Should I do the 20% or 25% do...