Mike V.
I think lending is finally loosening up
In the past week I have recieved a phone call from two seperate banks - US Bank (I use for my rentals) and a local bank (I use for flips) both wanting to know if I was in need of any financing.
I haven't received a si...
Neil Narayan
2024’s hottest ZIP codes and hidden gems
Opendoor Technologies Inc. has released its annual list of the hottest ZIP codes in the country for home sales. This year’s most popular areas are known for being fast-growing cities with plenty of new development, wi...
Nick Horob
Signed up my first deal!
I completed a direct mailing to small MF owners in Fargo, ND. I sent 400 letters, received 25 calls, and found 5 "hot" leads.I signed a purchase agreement on Friday to buy two 4-plexes for $330k. Not quite the 10% c...
Jay Dean
3 finance options - Struggling to decide
My wife and I are under contract to buy a home. We plan to do a live in renovation with the intent of making it a rental (selling only as a plan B). The future plan includes buying another home, possibly fixing it u...
Josh E.
7/1 ARM vs 30 YR fixed... opinions?!?!
Hey BP -
I just went under contract for my 3rd large duplex in Utah, this one for 378,000. I have a choice in my financing: to do a 7/1 ARM or a conventional 30 year. My other 2 properties are on 30 year fixed. I hav...
Isaac J Mork
Do banks only offer 5 year ARM now?
What happened to the 25 year or 30 year fixed rates?I don’t know that I want the financial risk of rates to go up in 5 years and it kills the cash flow and we are out in a panic sell situation or just operating at 0 c...
Ahmed Alswaiti
DFW Adapting to New Change
As we see signs of health and potential growth in the DFW real estate market, this could be underpinned by strategic adjustments to emerging challenges and opportunities. Despite the growth in the DFW housing market, ...
Thorney Gibson
First property
hello all,I'm finally looking at buying my first property. I've ran the numbers using the BP calculator and they are solid. 15% cap rate and a 15% cash on cash return. My question is and I believe there is some debate...
Howard Yang
Subtenant potential issues?
Came across this deal and was wonder what folks think about this type of arrangement and whether or not if it's an actual issue.Freestanding building on a new 20 year lease to a national fast food chain, (operated by ...
Kendall Short
First BRRRR Completed!
Hi all, I have finally completed my first Real Estate deal. I had been saving up and looking for a deal for the past year or so, and this one just kind've fell in my lap as it's two doors down from where I currently l...