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...
Hello Wonderful People of BP,I am looking to consolidate the loans on my primary home and would like some advice on how to go about it.A little backstory: I am currently house hacking a SFH, renting out 4 bedrooms. I ...
heres the situation, about 4 years ago due to of course unforseen circumstances we walked away from our home, we did talk with a bankruptcy attorney at the time and he suggested we walk away from the home because a...
We moved five years ago and have been renting out our old house that is about 8 hours away. My wife and I decided to sell it to pay off credit card debt so we could start fresh plus it’s been kind of stressful having ...
Curious to hear people's thoughts on recourse versus non recourse loans on apartment buildings. Pros/cons, etc. I have a great quote from First Republic but it is recourse. I can't decide if I really care. Only doing ...
Hey! I am analyzing properties one by one through sites like Realtor.com,Zillow exc. As a first cut I am calculating which properties cashflow by plugging in estimated price, rent, debt service, expenses, exc. This al...
Has anyone gotten a rate quote from Fannie or Freddie this week since the 10 year took a nose dive?
I have heard that both have increased their spreads substantially and may not even be taking applications.
CMBS ...
If I sell a piece of land I would take some of the profits and use them to refinance a rental property I own.
The rental was purchased with an FHA loan but it is now tenant occupied.
The idea is That this will i...
I bought it via VA loan in 2008 for 149.9k, 5bd/3.5 ba, 1978 sq ft, zip 20111Refinanced twice to pay bills/bad spending/money managent habits to current 225k (cashflowed for the past 2 years @350 a month to get it to ...
I'm evaluating the opportunity to submit an offer for all ~100 individually owned condominiums within a complex built in the ~1960s. Most of the units are owner occupied, with a few investors like myself owning 1-3 u...