I have 7 rental properties and have accrued cash in the bank. Should I keep putting rent into the bank or pay off the mortgages? What are the pros and cons?
I'm looking at bidding on a condo in foreclosure. There is a 1st lien (mortgage) which lender foreclosed on. The real estate taxes are current. There is a judgement lien on credit card debt but not property lien. The ...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $4,750,000
Cash invested: $1,150,000
Additionally, there is roughly $600,000 currently set aside that is to b...
I would like to learn more about purchasing real estates notes, exit strategies, where to locate notes, and what paperwork is needed to purchase the notes -- in Texas. I would love any information.
Hi all. I have a property that was on rent for over a year with the same tenant. The tenant was usually late in paying rent in the last few months but still used to make payment during first or second week of the mont...
Hi BP friends, I need help with some direction or ideas. I’m in a market in upstate New York, where no one works , everyone is on some sort public assistance, tenants struggle to pay Their rent, and I cannot find de...
About a year and a half ago my wife and I decided that we wanted to get into real estate investing. In particular buy/hold single family homes in the Kansas City area. However between the two of us we had $70,237 in s...
Over the past few weeks a good friend of mine and I have discussed the potential of starting to invest in multifamily properties together. Both he and I have dabbled in rentals alone in the past, transitioning former ...
One of my friends knows I'm starting my real estate investing company this year and I guess this means I'm an expert in financing since he started asking me all sorts of questions about his debt, lol. Thought I'd thro...
Hi BP,Recently in January I closed on my first duplex with a 10% conventional loan and im currently living in the smaller unit cash flowing $150 per month after all expenses ! Fixing it up along the way here and there...