Ross Hayes
Debt Pay Down Analysis
HelloI could be missing the obvious, but I cannot seem to find much information on calculating the return and benefits of debt pay down on a rental property.How do you assess the benefits of improved equity or increas...
Chris Berry
Mobile home park financing
I'm looking into purchasing a mobile home park. I was seeing if anyone could recommend a good bank to get information about it. Thanks.
Ryan Cameron
Reinvest or Payoff Debt?
I felt like this would be a great topic for BP's Pros and Newbies to discuss.With $20,000 in cash and $20,000 in debt (Existing loan on a rental property @4.75%)Would you use the $20,000 to purchase another property o...
Nabeel Kurji
1031 debt replacement
HI- im in the middle of a 1031 and our loan might not be approved. is there a way i can shield myself from tax liability by just paying the debt amount that needs to be replaced with adding that amount of cash into t...
Daniel Dietz
How to Lenders figure DTI Ratio on Rental Units?
So far I have only bought property within my SDIRA on a cash basis, so have not needed to work with lenders. Soon I will be buying one or more rentals outside of my SDIRA, using 'conventional financing'.
Th...
Christian Hilbrich
Calling all Debt-to-Income specialists!
Property: Airbnb Condo in MontanaTitle: in LLC (Bought in 3 partners personal names Chris, Tim & Gabe. Warranty Deed transfered to LLC.)Loan 1 - Mortgage: guarantors: Chris, Tim, Gabe (Second Home loan 20% down)L...
Ricky Ozbirn
Need Advice Paying for College
I’m new to REI. Kicking myself for that!!
I have a scenario and I’d like to hear “What you would do”
Scenario
I Inherited property.
Have a son in college, no college fund. He has scholarships and federal unsubsidiz...
Ryan Crowe
$50k to spend but 25k in college debt. What do I do?
I'm looking to get started in real estate but have an issue.
I have roughly 40k saved up from my 9-5 to get started
I have college loans of $25k with 6.5% interest. It feels like no matter what I do I can't cut in...
Benjamin Ford
Using Rentals to Pay For Student Loans
I went to school and earned two engineering degrees (BS and MS). Then, being the glutton for punishment I am, I continued on to law school. This was not a series of random choices. Rather, there was a method to the ma...
Luke Carl
Need help on a Refi
Need to refi permanent residence to get rid of PMI. I just closed on a property with one lender so I could go with her and not have another credit hit and she already has 90% of the paper work. I've spoken to a local ...