Just Don
Those "pay it off fast" schemes??
A few years ago I was approached by a 'friend' who was doing a great biz of charging homeowners a pretty hefty fee in exchange for the info and program to pay off the principle of a home loan and save HUGE bucks of ...
Account Closed
Questions on Mortgage scenarios
Please take a look at current mortgage scenarios provided by mortgage banker.Plan: To start my REI career using BRRRR Strategy.Questions:1. Do you think IHDA will work good for my situation ?2. Will it be a good decis...
Michelle Richardson
Built an ADU to pay for mortgage
Investment Info:
Other other investment.
Purchase price: $50,000
Cash invested: $50,000
Built an ADU
What made you interested in investing in this type of deal?
Add additional income and...
Account Closed
Choosing a Lender/Mortgage Broker
I've gotten a few good faith estimates (one from a Mortgage Broker and one from my local Bank of America). The BofA rate was 6.25%, at a 30 year fixed for a loan of 200k (1.07 points). The Mortgage Broker rate was 6.7...
Alex S.
Escrow shortage, so Mortgage going up to cover it, and losing cashflow on Rental Prop
Hello! Realtor and Investor here. I've got a rental that was a new construction in 2022, so no property tax was defined yet (based only on land value. First year was fine on property taxes, and we were cash flowing ...
Sharon Supera
To keep or to sell
Hello everyone,
I’m seeking your advice on whether I should continue holding or sell a property I purchased last May 2023 in Windsor, Ontario, a city next to Detroit, Michigan. I acquired the house for $350,000 with ...
Kevin Breneman
Rent to own question
I currently have a tenant that is renting for $1300 a month, however they want to purchase the house. I was thinking of renting for $1900 a month for 20 years, after 20 years the house would be their's, has anyone el...
Patricia C.
Trying to purchase multiple properties
HelloI currently own 2 properties. One is currently rented in Greenwich CT, the other I just purchased in Norwalk CT and in the middle of renovations before I rent it out.I would like to purchase a 3rd home by the end...
John G.
Should I "buy down the rate" by paying mortgage points?
Details... I have a quoted rate of 4.75% with paying just a hair under one point or $723. And have the option to buy down the rate to 4.25% by paying 3.121 points (an additional 2.134 points / $1,562 cash at closing)....
Leo Kotschenreuther
BRRRR with All Cash or Financing?
Dear BP-community,I just finished David Greene's book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties". Before I had read the book, I was convinced that I wouldn't be...