Good day BP. I have been working to get info on a potential deal that finally came today(this property sure shed some light on why some properties sit for so long... trying to get info from listing agent was impossib...
Experienced landlords, I have a unique question and I am looking for some feedback. I am buying nicely rehabbed properties and charging near top of the market rent for them ($1,600 per month). This has been working ...
I bought my first rental property 18 months ago on a 25 year amortization, 5 year term variable rate closed mortgage. I made a 20% downpayment and then a 20% lump sum extra payment against the principal after the firs...
Hey BP,Was wondering if anyone knows any good lenders for variable income.my partner and I are trying to purchase a property. She’s on salary and I am not. We have a substantial amount to use for a down payment on the...
I posted a similar over the weekend with little response. Here I will be more specific:I'm closing on 3 separate multi-s at the same time in the same area. Nothing crazy, or over extended, Pretty conservative leverage...
I understand that the value of a note is a function of the collateral, borrower profile, seasoning, etc. My question is about the structuring of the loan variables affecting the price. Specifically, a note made with a...
Just refinanced my first BRRR property. Loan is amortized over 20yrs with a variable interest rate and term is 5 years. What are my options if interest rates shoot up making my monthly payments larger? I don’t want to...
Hello all,Where do i find these numbers in relation to the local area?
I'm in contact to buy a property in Redford Michigan. I noticed today that the seller's listing shows previous year tax of $907 but an estimate of $3200(!). Have been trying to use calculators online and am pretty con...
Does anyone have a formula they use when determining what type of loan to take? I understand much of the loan savings and interest rate calculations are conjecture, but given our current political climate, fed policy,...