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Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...
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We are looking into getting a private Investors Loan of 120,000$ with these Terms. We are calculating our repayments to be around 2700$ Would this be correct? Also we are not quite sure what point 3b means for us.... ...
I'm a serial entrepreneur that has owned and successfully run multiple businesses over the last 13 years, one of which has landed on the Inc5000 two years in a row. Scaling a small business to turn out a healthy profi...
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Hello everyone,
I am new to biggerpockets and to developing real-estate and need some advice from the respectful members of this community. I am intereted in purchasing a large lot around 0.25/0.5 acres which is cur...
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I bought a fixer in Oct 2022 in leander TX and due to market conditions lm unable to sell it. I plan to make it a rental and would like to do a cash out refinance for $125k. What are the rates for interest only refi? ...
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I am trying to figure out what formula to use in excel if I sold my note at a discount to calculate the new rate. Does anyone know this?
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Hello,I'm looking for a little advice on which debt I should reduce. I have $30,000 I've decided I want to put down on the principal of one of two rental properties I currently have mortgaged. I'm curious to hear whic...
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So I have had many properties that I had put the typical 20% or 30% down on a 30 Year loan and had a Fixed payment with the bank. When I had extra money or a large commission I would always put large amounts to the p...
I'm confused about the tax advantages of rental properties as compared to stocks. For the following, assume I buy an SFR with 20% down, rent it out, and sell after 30 years.
I'm taxed on the "profit" (I'm not yet sur...
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Hi everyone. I've been lurking somewhat and responding to questions within my area of expertise for about a month now, but this is my first post to Bigger Pockets. I need to make a decision within the next 24 hours...