Before closing on an investment property, I undertake several crucial due diligence steps to ensure I make an informed decision. These steps include:
-Property Inspection: Engaging a qualified inspector to thoroughly...
Investment Strategies 101In today’s fast-paced and ever-changing real estate market, it’s critical to have a basic understanding of investment methods in order to effectively save money and protect your financial futu...
Hello I'm a pretty new real estate investor i purchased a multi unit property 2 years ago and recently the property next door to me went up for sale, now this property has a same layout as mines and needs to be comple...
Does anybody know any banks or lenders that would issue a line of credit against the equity on a portfolio of properties in a commercial loan? We have 15 residential fourplexes that have a substantial amount of equity...
I heard on a BP podcast that there was bank in Alaska (lending locally) who lends on appraised value of a property, rather than the purchase price. Do these type of banks really exist? Where they will cover 100% of co...
I would like to hear your opinions in this property. It's a single family I live in, estimated value is about 250k, mortgage balance 112k, two rooms are rented, that cover the mortgage payment. 1st option is to sell i...
Hello all,I have a client who has a few rental properties, which he acquired through an investor. He now has rentals with positive cash flow that would appraise for much more than his initial investment through his in...
Hey BP friends,I’m curious to hear how other investors approach emergency funds/cash reserves for their properties.I’ve been keeping individual cash reserves per door, but as my portfolio grows I’m having a harder tim...
Hi - I am looking to take some cash out of a short terms rental I own outright in New Hampshire. I'd like to take that money and buy another rental property. Any banks that have decent rates in the NH area? Thanks in ...
If I'm understanding correctly, for a cash refinance...If you buy an investment property, fix/repair it, and get a higher appraisal, you can then take the $ difference and put a down payment on another investment, etc...