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I'm a bit confused on how a short term loan for a fix and flip works as far as the payments go. For example if there was a 100k loan with 9% interest, what type of terms do companies typically offer. I'm wondering h...
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I'm using Quickbooks to track overall finances. So I have a FixedAssets account in the chart of accounts, but that's not really usable for tracking the per-item depreciation...there's no entry for when it was placed i...
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If the out going tenant puts multiple holes into the walls and therefore makes the property un-rent-able until the holes are fixed, is the out going tenant responsible for the loss in rent income ( 1 month) and can i...
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When using a HELOC with a variable rate, when you take out a loan against your credit line, are you "locked in" to that rate for the entire amount you have to pay back on the amount of money you took out, OR do fluctu...
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Hello community, I'm trying to mitigate some more risk when buying a quadplex. My plan is to buy a quadplex with a private lender and then refinance with a long term lender ... but I'm already concerned that I might ...
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I purchased a duplex as my primary residence in March 2020. I did a cash out refinance with the same bank still as my personal residence. Did I do the right thing? Should I have done the cash out refinance as an inves...
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Hi everyone! I'd like to invest in a second home for a rental. I'm not sure if I want to do long term rental or short term rental yet. But, I would like to pull the equity out of my current primary home in order...
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Request:List real estate loan types and a hypothetical example of each with a national interest rate of 6.5% and total repayment amount Include dscr and hard money loan, fixed-rate mortgage, arm, fha loan,va loan, int...
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hello, thanks for reply my post.
these propeties are 3/2 or 3/2.5 2stoy condomium. i got them from REO or foreclosure and i paid all cash already ($20,000-$$23,000 each one). i fixed up and rent out. now i want g...
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I'm new to BP, and using these calculators for the first time. I'm trying to compare the profitability of using Fix & Flip, Fix & Hold, or BRRRR approaches on a deal I've just negotiated. Even though I checked...