Andddd the moment you have been waiting for has arrived. You ran the deal analysis, checked the financial boxes, finally figured out the lock box code that contains the keys to your first rental, and are ready to make...
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...
I found a Duplex that is FSBO, and I'd like to do owner financing. But I want to make sure that they're understanding what I'm talking about. I know it's a rental unit already, it sounds like the current owner has a p...
What is the best app to use for tracking finances/important documents on rehabs, rentals and tenants?
Currently renting at 30% CoC, Cap Rate 30% and a local bank offered 100% of purchase/rehab cost plus 40% more, as a line of credit for 2 years against the property. Been a Dave Ramsey 'anti debt' cult member for yea...
Other than being able to sell a property that would other wise be hard to sell at the current ask or amount owed by the homeowner, what is the advantage for an owner to do a subject to mortgage. Does anyone have a co...
Hello All,Im looking into purchasing a multi family property in one of the best school districts in Georgia. The seller want an absurd price and I am trying to figure out a way to somehow make it a win win. They are a...
I just refinanced my primary residence and it took over 6 months to close on the refinance. I was told by the lender not to make any major purchases, or take on any additional debt, until the refinance closed. I just...
Hello BP. I'm a financial advisor turned real estate investor. I started buying SFR last year when bond yields went to ~0%. I like the deals that I've done, but find SFR to be too slow and I'm interested in getting...
https://www.youtube.com/watch?v=eka8XP_0wBwHow would you handle a $2,000 water bill? or an unsuspected issue. I would think as a newbie like myself i would be panicking!Any specific advice?