Jonathan Davis
Confused or Worried about rental rates, am I missing something?
I am interested in a duplex that is in my local area. I have ran the numbers through the BiggerPockets calculator and the rental rates will not let the numbers work. Using the property insights under tools it shows th...
Juan C Osorio
low interest 15 year vs higher interest 30 year loan
Hello fellow BPs.I currently have a 15 year mort. @ 2.875 on a 285K loan on my primary home. I am thinking about doing a cash-out, more less 100K, and going into a 30 year mort. @3.99. I can afford my current paymen...
Khadijah Celestine
Can I wholesale to myself?
If I have a company "ABC Investing Corp" that only my father and I are partners in, can I, Khadijah assign a contract to "ABC Investing Corp" for a wholesale fee?Also, lets say Khadijah gets a contract to purchase 123...
Daouda Diop
Rehab with intent to sell
I have a 2 units house with an extra lot that could hold the same 2 units home. The extra unit has a fairly new garage already built on it. I am looking for an investor that could provide the rehab cost with associate...
Sarkis Boyadzhyan
Can anyone explain the concept of BRRRR?
Made up example:(Using a private lender)Purchase price= $60,000Repairs= $15,000Closing costs= $4,000ARV= $120,000Loan amount after refinance @ 75% LTV= $90,000Closing costs/interest after refinance= $6,000What was the...
Gino Cook
4 bedroom or 5 beroom for a rental ?
I have a home that has 5 bedooms I want to rent out , well one room is a huge office on the main floor in back of house but it looks like a bedroom . Its a 4bdr with 1.5 baths . Kitchen isn't real small its comfy for...
John Franczyk
What to look for in mixed commercial/residential building?
I'm in the early stages of looking for a building in Milwaukee that has light manufacturing/fabricating space (about 800 sq.ft.) for a woodworking shop, and 3-4 residential units. What issues do I need to consider for...
Marty Rogachefsky
What Are Your Views on Appliance Protection Plans
Hey everyone!We had to buy a new fridge for our rental property, which cost about $1000. I'm wondering if we should get the Lowe's 3-year protection plan with it. It costs $150 and they deal with maintenance issue. Do...
Marc Appel
Front load my mortgage or save extra money
Thanks for your suggestions below.
I bought my first rental property 3 years ago for 336K. It’s now worth 470K. Mortgage including taxes and insurance is $1750 a month, and rental income is $2500. Right now I’m payi...
Chris C.
Rental Property with addtl "Turnkey" costs?
Hey all,Working on a deal for a duplex that is currently being rented out. The duplex rents at higher-level vacation prices to athletes training in the area - they come for anywhere from 1 week to 6 months at a time. ...