Supposedly they have introduced a bill (Not passed yet) to sheild unpaid federal workers from lenders and landlords. What a pain in the ass! This Gov't shutdown is going to affect way more people now. I don't know if ...
Economic Update (Monday, October 12, 2020)
Make no mistake: no one has enjoyed this Pandemic and...
Earlier today, on the way to work, I was listening to the BP Podcast #285 as per my usual routine (another great podcast by the way). But after hearing some of the guest's comments about building multi-family and rent...
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Hey BPers,
I've been chatting with an investor friend of mine who is learning the process of wholesaling notes. I love this concept because I understand wholesaling and note investing is a path I know I want ...
Welcome to A Skeptical Real Estate Dude my weekly post on market insights coming at you live from Nashville, TN. Every week I write a brief, hopefully insightful, dive into real estate and financial markets, for all y...
Hey BP! Have a feeling I know what you all will say about this but thought I'd ask anyway. I've got an STR property under contract in the Shenandoah National Park area. Pencils out well return-wise, but the catch is i...
TSP is the Feds 401K. I have been considering taking a loan out to purchase a rental property free and clear. The problem is loan repayment term is 5 years, which pretty much kills any cash flow. The interest rate is ...
Buying a turnkey rental and the lender has proposed the two options below.
Part of me says the tenant is ultimately paying off the loan, so who cares? Take the extra 5% down and use that $4K or so as down payment ...
So I have read a few threads on this subject, auction.com, and I haven't quite come to fully trust the site. However, some say that there is still deals to be had there and you just need to be patient, and diligent. S...