Latora Harris
Wrap-around crisis-Need advice
Hello,I have a motivated seller who has a difficult situation and I'm having difficulty coming up with a solution. The property was sold last year on a wrap around mortgage to the new owner. The deed was transferred o...
Curtis Farnham
IRR and investing for cash flow vs appreciation
Newbie here, trying to formulate a strategy. I've been reading up a lot on REI (16 books in 3 months! And counting.) My ultimate goal is long-term net worth. I'm not afraid of fixers, and I love the idea of BRRRR and ...
Richard Ma
tenant trying to get me in trouble
hi so my tenant filed complaint about the place is unhealthy and now I got a letter from the health department saying I gotta correct the following list. so first complaint is smelly odor from fridge, they told me to ...
Gerald R.
Gerald's short intro
Hello to all that contribute and make this a great forum. I've been reading up for a few weeks now. I'm new to real estate investing and just purchased my first 2 properties at the Wayne County foreclosure auction a...
Michael Thorne
Loan for multiple SFD rentals in rural community
Hi BP community -I am looking at an opportunity to purchase 6 small houses in a small community in northwest area of central Texas. They are relatively inexpensive from 40k - 80k. Would a portfolio loan be used to b...
John Daniels
Refinance/Cash out .... How much?
Hi All,
One thing I need clarification on in the BRRRR method is the refinancing part more specifically how much cash I should pull out of the property. Property will have a ARV of about $250k and rent for about $2...
Paul D.
Tenant failed to change service into his name - now delinquent
This is in Idaho.My tenant moved in a few months ago and has been paying rent on time. Our rental agreement specifies that he is responsible for trash/sewer utility bills. When I noticed I was still receiving bills fo...
Ian Stedman
Heloc to coventional loan
Im wondering if i can use a heloc on my primary residence to either purchase or use for a down payment on an investment property and then refinance the investment property into a conventional 30 year mortgage to “pay ...
Jon Blackburn
Mortgage limits apply to refinances?
I understand that it starts getting difficult after 4 conventional mortgages, and you’re capped at 10. Stupid question - does this include/apply to refinancing as well?
Eric Myers
calcutating closing costs in NY
I am an investor in upstate NY and I am wondering if anyone has a source for calculating the closing costs in NY. I guess NY is a different state in how we calculate the real tax prorations. Our property taxes come ...