Hi fellow BP'ers!
It seems that I have proven myself to my co-workers who now are willing to invest with me as private lenders. I am negotiating two home purchase deals and possibly a third. Part of the incentive i...
I'm about to refinance my investment property under the HARP program and was wondering if I should go with a 15 or 20 year fixed. APRs for both are attractive and the 15 yr. would be about $180 more per month and I w...
Hello I’m new to bigger pockets and Multifamily investing. I’m having trouble on how to figure out my annual debt service or yearly mortgage payments. Ex... $6,000,000 purchase price with a 25% down payment of $1,500...
Scenario: You're an investor who wants to buy for cash flow. You plan on holding the property forever. You buy a self storage property for $1,000,000 at a 9.25% cap rate. You put down 20% ($200,000), so the loan princ...
Is there a payment calculator out there that can figure out what the payoff amount would be monthly, on a fully amortized loan after an additional amount was paid to principle each month?
I am working with a seller via a realtor who has been having trouble selling their tenant occupied condo. I intend to buy it for the right price and terms and rehab then buy and hold. Condo has been leased under mark...
Hello BP Fam,
My husband and I are in the middle of purchasing our second property and we want to run the number right this time! Our lending is similar to ARV loan, where the purchase and renovation of the property ...
Hey BP I have another investment property that I would love some insight on. I recently posted about an Eightplex I was interested in and received some great feedback. There is one more deal I've been looking at and I...
I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you...
Hi just posing a scenario out there for buy and hold investors. If you have a private investor willing to put up all the funds for a buy and hold, how long of a mortgage would you prefer? In our example you're buying ...