Looking at a off market 100 year old duplex in a gentrifying area of Nashville that the owner approached me about. 3 bdrms a side rent for 550 a room for a total of ~3200/mnth. Obviously this place has a lot of curb a...
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Hello fellow BPers, heres the scenario:I want to get a mortgage for multifamily property. I am self employed, I claimed unemployment since march of last year (2020). I’m unsure as to how this may help or hurt me. I li...
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Hi Everyone - looking for some advice. Background - tenant is on Month to Month lease. His lease states he has to give me 30 days notice. He has a security deposit equal to one month's rent.
Long story short, I texte...
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I'll cut straight to the point:I am purchasing a 3 family to house hack and I want to get rid of PMI as soon as possible. Here are the numbers.Purchase Price: $335,000Gross Income $3600.I have the money to put down 3...
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In David Greene's book "Long Distance Real Estate Investing" (which is awesome, btw) I saw an argument that I didn't understand fully, which is basically "you should overpay on your mortgages to refinance them faster ...
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If a plan passes where the government shells out a bunch of money to write down principal and adjust rates to get people out of trouble what will happen to the rest of us?
Lets assume that for every house that has st...
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I'm still a little fuzzy on the details of how an investor might be paid. I hear lots of talk on here and in the podcasts about getting investors X% return on their money but what does that really mean? Is it the perc...
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Hi to all,
I need some tips for my next investment peeps. I'm currently selling a rental I have and walking out with about 100k in clean profit (after commissions/taxes/etc)
What's my next move?
Options:
1. M...
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I listened to Linda Weygant's podcast this morning on the way in - great stuff! At this point, I have heard most of the podcasts from 1-244 (OK, I didn't have to listen to 243 since I was doing the babbling!) and I am...
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Hi BP! How common is it in today’s market for a seller to carry a 2nd mortgage when selling his apartment building? Is the market too hot for today’s apartment building buyers to reasonably ask a seller to hold.a sec...