I am purchasing my 2nd rental property "buy and hold" with conventional financing 20% down. I have very good credit score probably around 800 (i think). Do you think 5.50% is a good interest rate or should I shop aro...
There is a building near me for sale (Milwaukee County, WI) with bar in front and 2 bedroom/1 bath rental in back for $150,000 (rent is $750). I have no experience operating a bar, thought I could lease to someone who...
Hi BP,
I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going th...
I've found a property with an owner who is tax delinquent. I've made first contact and he seems to have some interest in selling. The property itself is located in a old manufacturing part of town that also has a spri...
I just got myself into a bit of a bind, that I'm sure I can get out of, but am looking to this BP community for some insight on our collective experiences.Details:Two 3-plex properties located on the same "lot" in Por...
Hello, new(ish) investor here,If I am working with a potential seller for a buy and hold property and cannot agree on a price, could I refer them to a real estate agent? If they close on the deal with the agent, could...
Is everyone else finding that loan officers are completely unresponsive and unprofessional? I own 8 SFRs, and am looking to refinance several of them either to pull out some equity or to lower interest rates. These ar...
Hi There! I'd love input on what I have going on over here. I have three properties, and my goal is to acquire more rentals. One of my properties is in town and brings in $700/mo. My second property is in a highly sou...
I'm going over my options to cash out on two properties. I spoke with a few local lenders today and was a bit surprised at the cost to refinance. I would love other people's opinion on the current going rates. The len...
So I am selling my automotive repair shop for $90k. Buyer has $55k as a downpayment. I would like to explore my options on how I can make this deal happen. I am very anxious to sell the business and make the move t...