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I have a property I own free and clear and want to do a cash out refi for around 40k. Should appraise for around 60k I am past the 6 month seasoning period. I have found a local lender that can do it but the closing c...
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When I was still renting from other people I had a landlord that would always seem to find a way to convince us to do repairs around the house ourselves, such as fixing a toilet or the washing machine. He was a pretty...
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Hi All, I don't know if this is a big problem on BP but I know of a LOT of cases where its happened in my FB groups. PLEASE beware of lenders with "gmail" addresses (mostly) saying they can get you 4-5% loans for your...
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Hey - I thought I was in the clear - but perhaps not (was about to file my taxes . . ). here's the shortest version on my situation:1) bought a house for mom in 2005 - she lived there til 2011 (not nearly long enoug...
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Hey there BP!So, it has come to the point in time that I want to begin offering up opportunities to invest with my company. I don't need the loans, I have cash to work with and banks willing to lend me money pretty mu...
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Can someone explain a little bit about the financial aspect of Due Diligence?
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Hi everyone,New investor here, relatively new poster, longtime lurker, lover of all things RE. I have a question about recasting of a mortgage loan, for any of you financing experts out there.Acquired my first 2 renta...
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What is a good way to get accurate rent comps with existing tenants based on the area? I have a duplex in cleveland with a combined 2,336 sq. ft. Are the comps from the Bigger Pockets per unit figures? Each unit is $7...
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TSP is the Feds 401K. I have been considering taking a loan out to purchase a rental property free and clear. The problem is loan repayment term is 5 years, which pretty much kills any cash flow. The interest rate is ...
Under the new legislation designed to help small businesses was a small add on that is now going to require landlords to issue 1099s to any contractor performing services like repairs over $600.
http://www.allbusines...