Gabriel Garces
Cashout Refi vs Home Equity Loan
Hello BP,I am a beginner investor and I need advice on getting money out of my investment property. I am fortunate that my father gifted me a single family house that I currently rent out. This house is currently wort...
Luke Weber
Formulas don't work, every deal is different
When I am dealing with wholesalers or Realtors they almost always ask for my formula. I tell them, there is no formula, if you think it is a deal, send it to me and I'll run MY numbers on it and let you know.
If it ...
Roshan K.
HELOC Interest Rates
Hello everyone,I'm interested in getting a fixed rate HELOC, but am first curious what kind of interest rates people are getting?I'm finding approximately Prime + 1%, so as of now, 5.25%. What interest rates are you g...
Peter Matus
Foreclosure auction ...
Hi there,I have maybe stupid question about foreclosure auction of property...I searched all possible documents and info and this SFH with all debt (1 and 2nd mortgage,HOA,attorney and legal fees and interest is aroun...
Connor Hedley
Why are"Repairs and Maintenance" expenses calc. as a % of income?
In the Bigger Pockets calculator, "Repairs and Maintenance" are represented as a % of gross monthly income. The suggested range is 5-15% of monthly income. My question: Shouldn't "Repairs and Maintenance" be calculate...
QuoVadis Gates
Raising Listing Price
From the stand point of an Agent/ Broker who has already listed a property for sale. Is it ever good practice to raise listing price because you're comp sold for a higher price?
Charlotte Edwards
Front porch support columns...approximate cost
We've put in an offer on a home and the front porch supports are missing. THe seller won't replace them but offered $200. Is this reasonable? It seems there are 4-5 supports that need replaced. A friend estimates they...
Tab B.
1st fix and sell
hello. im ready to buy my first property to flip. i have many questions but this one first. when i buy a house, how much down payment i have to put down, and how soon can i sell the house? thank you for any help.locat...
Nick Shri
Do you negotiate HELOC interest rate?
I have been researching HELOCs and I have narrowed on few sources. Some offer 95% CLTV and some 80%. Some offer 1.99% for first 6 mos, then 2.99% with a floor of 2.99%, while some offer tad higher interest rates.
My...
Timothy Munger
Risk in new construction for small multifamily.
What level of risk would you assume in new construction if the project looks good/viable? Would you be comfortable with putting the majority of your net worth into one project? Say you started a project a good while a...