Mercedez Contreras
Please let me know your opinion
Hello I have a question and I want an outside opinion First let's begin with I dropped my rent check off on the first as it is requested And I receive a call next day to drop another check for water bill amount in wit...
Damian Meak
Investing
Hi. I'm trying to create an investment group with my friends and family. Any suggestions or any material I can read. We plan on putting money in a fund monthly to buy multi-family homes in Essex County New Jersey. Th...
Ray Hollins
Newbie Looking for Transactional funding Info
Howdy all, I am looking to get this RE investing career going. Over the past few years I have had to unexpectedly move back and forth to California for work and due to familial reasons and now I can finally settle do...
Taylor Rider
Such a thing as too much Brrrrrrrrrrr?!?!
Im currently in the refinance of a Brrrr! (woop woop!) Looking at the numbers (using the BP calculator duhh) I will have $19.91 of cash flow after all the boxes have been checked, PM, maintenance, cap ex. ect. I need...
Bob Ross
When will a bank let you leverage past what your salary covers?
I’ve heard of hair dressers with hundreds of units in their portfolio. Obviously their business income will not cover The cost of all these mortgages.When will banks start approving you for more than what your job sal...
Kelley B.
Flipping in Phoenix
New guy and still trying to find my way. Does the current market in Phoenix still support flipping?Which indicators do you use to determine when the market does not support it?Thanks!
Isiah Ferguson
Cash reserves or credit ???
Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Michael Martin
Invest money in the market or purchase 4 plex.
Will be inheriting 90K in the near future and trying to figure out the best place to put it. My advisor wants me to put it in the market naturally. I am 55 years old in South Louisiana and have 7 other rentals. I am l...
John Ma
Land lords experienced with post dated checks as payment
Hey guys, I was wondering if any land lords out there have had any experience with requiring or prefering tennants to post-date checks for the duration of a year or the lease.I have thought about requiring this as I f...
Ryan Sun
Should I sell my old primary home?
In 2020, I bought my previous primary home with a 20% down payment and a 2.5% 10-year ARM mortgage. Since then, the housing prices have risen about 50%, reducing my leverage from 5x to around 2x. I'm considering purch...