D C
Cash positive rental properties or leveraged debt ?
So I have $200K liquid in the bank (I have my own company) and I earn about $260K a year (before taxes).
By my calculations, if I buy a $250K condo in a well sought after part of the city, and pay it off COMPLETELY i...
Sean Larson
Hello BP and Grand Rapids, Michigan members
Hi all, I'm new to the site and real estate. I own a 3 unit in Cherry Hill and a sfh off of college north of town. I am a member of Grand Rapids RPOA which has saved me thousands of dollars with their amazing classes ...
Andrew Barrett
Unpopular opinion? 15 year vs 30 year mortgage
Thoughts?I am trying to explain that because I’m 25 and make $200k-250k a year (mostly from flips) that using a 30 year mortgage on my 1031s for the 2-3 rentals a year— makes sense?they are insistent that 15 years is ...
Fadel Shamm
Cash vs low interest mortgage
As a new-bie I want to ask the people with expertise, when buying a rental property would you use cash if you have it, or would take a mortgage and split you cash to buy multiple properties?Thanks
Justin Goodin
I bought a deal with negative leverage. Here's why...
I bought this townhome community with NEGATIVE leverage going-in. And don't regret it...What's negative leverage?When your cap rate < interest rate.In this case, we bought this property at a 5.5% cap and locked in ...
Mitchell Coles
High-Performing Townhouse Rental in Charlotte's Historic Fourth Ward
Investment Info:
Single-family residence buy & hold investment in Charlotte.
Located in the historic 4th Ward neighborhood of Charlotte, this townhouse at North Poplar Street is part of the desirable Hac...
Mitchell Coles
High-Performing Townhouse Rental in Charlotte's Historic Fourth Ward
Investment Info:
Single-family residence buy & hold investment in Charlotte.
Located in the historic Fourth Ward neighborhood of Charlotte, this townhouse at North Poplar Street is part of the desirable ...
Doug Cabrera
Refi cash out to buy more properties
Hello BP, I have 1 investment and looking to refi with cash out to buy more properties. Right now the cash out would give me about 70k to play with. Is this the right way to go about purchasing more properties?Thanks
Will K
What Would You Pay for this MultiFamily Property?
A four unit quad-plex, built in early 1900, renovated/updated over the years. Each is 2BR/1BA, about 850sq ft each. Utilities are separately metered, owner pays for water/sewage/trash. Monthly rent per unit is $525. A...
Samantha Springs
Selling Rental to Pay off Crazy Student Loan
Hi BP Fam! I am considering selling my duplex to pay off my insane student loans and would love to hear from the BP brain trust.
My student loans are $355K total with a 7.5% interest rate. Once repayment starts in Oc...