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Hello everyone!I was wondering if I can get the BP community's advice on purchasing my first investment property! I am really interested in a condo that is located in Tx. The list price is $126,500. The seller is open...
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So we bought a rental, 30 yr amortization, monthly payments. Is it worth increasing payments to 2 per month, bi-weekly, making extra principal payments to reduce the mortgage? We've allocated expenses to everything we...
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I'm new to investing and made some calls to lenders to try to understanding more about commercial lending so I can properly calculate and estimate monthly payments.
I spoke to a gentleman that told me for multi fami...
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Ok BP pros - looking for some advice. Would appreciate your thoughts or a referral. I found a 4 house bulk deal of tenant occupied homes near me that the seller is offering at about 78% of ARV. Total price is just und...
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Hi BP,
I am purchasing $250K condo and the owner willing to give seller financing (the owner never done seller financing). what’s is best to structure owner financing? Is that same like financing to the bank (20 per...
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BP,Can anyone provide some examples of seller finance deals that you have went through and experienced?? I am in the middle of negotiating a deal and I am potentially wanting to propose one to the seller. Thanks!
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well after a long long year of rehabbing a 20 unit property, it's time to convert my construction loan to permanent financing. The local bank that did the construction loan has presented me with two different loan cho...
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Can someone explain to me how DSCR works and why it would be better to do interest only payments vs a 30 year mortgage on an investment property?Seems the interest only quotes are still high and not worth it.
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What do you math--numbers--oriented peeps think about this deal. Assuming the sale price is okay. Owner-held mortgage. 3 units I can alternate between AirBnb and/or longterm rental (probably averaging 2,400 rent rol...
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I'm under contract on an investment property-- a duplex in Colorado and I'm trying to navigate the details of a partial private loan from my sister. I'm working with a mortgage broker I like that I've used in the past...