I recently purchased my first rental property (Duplex) for $65,000. I had to put 25% down for a 30 year mortgage so I still owe just under $49,000. I do have an investment mortgage on this property because I do not li...
I’m and trying to weigh out whether or not to use cash on hand or New Construction loan…. I am in the process of building two triplex townhomes buildings for a total of 6 units. I have a new construction loan in place...
On Ally, their savings accounts are 1.75% right now. I was looking at their other products... why would anyone even consider a money market at 0.9%-1.0% and CDs that are <1.75%? Is there something I'm missing abo...
Hi Bigger pockets team, Here is my current situation. I am currently assuming a loan that has a 2.6% interest rate locked into the life of the loan and I am getting it $70k under market value. I am assuming $135k and ...
So I’ve decided I’m gonna purchase another home and make my first home a rental. I have a family friend that’s a mortgage guy and I cant tell if he is in my best interest or just sees $$$. I was thinking cash flow is ...
Hello Bigger Pockets Family!
Just wondering, if you are a new investor buying a rental property and you have an equity from your personal home, which one would you use for a DP? HELOC, Home Equity Loan, or your savi...
Hello I currently have about 165k to purchase an investment property. The down payment will be around 45k and closing cost will be around 12k and Reno will be around 150 gut job to get a high arv. Should I use all my ...
Hello,I am looking to purchase life insurance for the first time in my life. From my law school classes I vaguely remember that whole life insurance is the bad one and term life insurance is the good one hahaha. I ne...
Hi newbie here. I need your advice weather I should aggressively payoff any of following mortgages or save up to buy more.Primary residence. 328k @ 2.75%Rental property 1, 133k @ 3.12%Rental property 2, 170k@ 3.50%.Bo...
Looking to purchase a rental property for $330k, leases are already in place for the following year and rent roll is $3200 per month. At 25% down I’m looking at roughly $2300 for principal, insurance, and taxes per mo...