We are looking to start our real estate investment career with a house hack. We own our current house, but want to move into hopefully a 4-unit property. My current plan is a combination of BRRRR and house hacking for...
I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...
We have a practically paid off rental property (we owe 39K on a 5.25% 15 yr fix) in a great neighborhood that has had the same renter in it for 7 1/2 yrs. The home is worth. $400K Our primary residence is on a Inter...
I had closing on April 11th and 1st payment not due to June 1st.Is there a reason I need to wait over 1 month and 2 weeks to make my first mortgage payment.Thank you
Hello BP Community, I'm considering the loan type I want to use for the purchase of my first property. The FHA 203K looks to be the front runner. With a future buy and hold exit strategy in mind, can you cash-out refi...
I am missing an understanding or a step in the simple calculation of finding how much ROI I get for my cash with regards to notes.
This is my simple process, which seems to give me whack return figures.
Monthly paym...
Hello all. I just have a quick question. I currently have a property worth $124k and the current principal owed is about $58k. The current mortgage is about $600/mo @ 6.8% and the rent is $725/mo. Would it be a be...
I got into a debate with a loan officer from my mortgage company on the phone. He wants me to refinance my FHA loan with 3.5% interest and 148$ Mortgage insurance premium, To a conventional loan with the same but mayb...
If you don't mind would you please give me your opinion on this? I have recently received call backs on letters I have sent to houses that were vacant. Some of them have mortages that are only a few years old. They wa...