Max Prentis
HELOC to Pay Back Cash Investor
Hello,
In the process of purchasing a Duplex in Downtown Columbus for 300k. Some minor work to finish renovations but overall in fantastic shape. Positive it will be able to cash flow well from Day 1 really.
I have...
John McKee
Loans in the marketplace
I just got a quote from a mortgage banker of 5.65 for 10 years/25 year amortization for a commercial property. Seems like a pretty good deal, although the payments are all interest. This is a property that is paid f...
Todd Moriarty
Anybody read Steve Berges' book about buying apartment buildings?
I have read his book "The Complete Guide to Buying and Selling Apartment Buildings" and I'm creating a spreadsheet using his "Value Play" model. And one of his calculations is confusing me. How does he come up with t...
Anthony Roberts
Any experience with NorthCoast Consulting Group
Hey Folks,Any one hear of or have any experience with NorthCoast Consulting Group?Seen a YouTube where the owner/principal provided a process to scale quickly. Want to know if this organization is what it advertised t...
Ed Nunno
amortization
can someone please explain exactly what this word means ?
Brandon Pearsons
Locking in Rate today
Its strange the Mortgage Company's rule of thumb is it does not pay off in a few years don't by the points. This is an investment property that I plan on holding for 10 years or so...
What do you all think is the be...
Shane Gaboury
What is the next step?
I currently am in my mid-twenties and own a 3Br Condo in Northern Virginia and rent out one of the bedrooms for 800 and the mortgage is $1,500. What should I do with my discretionary cash flow?1. Set up a solo 401k?2...
Mark Stice
Owner Financing or a Lease-Option?
I recently verbally agreed with a seller in my neighborhood to purchase a townhome from him for $130,000. As I understood the deal, he would finance the purchase and I would pay him $700 (542 in interest and 158 in pr...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Pike Pickett
Seller Financing Structure
Hello Bigger Pockets investors. I am interested in purchasing some properties in my local market via seller financing. I have not done this before. How are these type deals “typically structured”? Or how have any of t...