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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...
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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?
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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 ...
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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...
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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...
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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...
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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...
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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...
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I have been looking for the easiest way to finance my first rental property and I wanted to see if anyone has experience with Balloon Mortgages. I have a bank that will give me a ARV loan up to 85%, the 1st twelve mon...
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Hi guys, I bought my 4th property about 3 weeks ago. Having it renovated. Got this one for 30K, only needed floors and kitchen redone. Great find. I did a DSCR cashout loan from my other rental to buy and reno. Great ...