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Hi BP community!I'm a first-time Real Estate investor, and I want to ask about the best way to go about financing during this time.I have a large cash reserve saved up, and I'm investigating a multi-family property cu...
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Hi BPers,
Sometime in the last 6 months or so I remember hearing David say on the podcast that you could do an "FHA-like" situation without actually doing an FHA loan. The result in the scenario he described was tha...
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Hey everyone!This is my first post, so I'll try not to ramble. Essentially, I get out of the Army in one year. I am an Air Traffic Controller and will be doing that as a civilian. I am hoping to stay in the Fayettevil...
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Hey y'all!I bought a house a lil over a year ago that I have been renting out. The house has a garage converted into a studio in the backyard so that has been a medium term rental and the front has been an Airbnb off ...
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BP Pros:I have done a ton of research on paying off mortgages early. With interest rates at historic lows and given that early payoff return is equal to the interest payment, I see expansion as a better option. Additi...
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I bought my primary June of last year. Showed in my credit and it was $169,750 loan, 5.4 APR, $1,139 monthly payment. Due to some circumstances I had to refinance and because I was renting it out I had to refinance i...
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Our loan has been approved for a couple weeks..or so I thought! Now our lender is coming back saying that we are at 44%debt to income and we need to be at 41% because of my commission income it threw everything off. ...
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Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...
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From last two years i was in real state business , i earned huge profits in begining so to invest more i picked up large amount of money from market at 20% annual interest and invested all in real estate and just aft...
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I was approached with a deal that I'm trying to understand better. The owner of a deer farm is expanding his business. He doesn't want to "muddy the water" with a mortgage on his current primary residence. They want m...