Patrick Liska
Advanced Rent Payment
If a tenant pays rent in advance, equal to a few months, does your PM have the right to keep the advanced payment and distribute to the owner the amount due each month. In essence the PM is keeping the money in their ...
Deborah Hickman
Using private money question
I want to make sure that I understand figuring private money correctly. Is this example below figured correctly? This is assuming no points etc... I would borrow for up to 6 months on a fix and flip and return the mon...
Jason Heirtzler
When does your property manager send the rent?
If you're using a property manager, when do you typically get the rent?This is my first time using a property manager, so I assumed they send the rent as soon as the funds clear. Let's say the tenant pays on time then...
Samira Schadt
Waiting and saving to buy first home in 6 mths or 12 mths?
Hi BiggerPockets people!I would like your advise and opinion on the following: should I extend my lease for another year in my current apartment or for only six months before buying my first home? If my husband and ...
Mariah Sanchez
How is interest calculated on a loan?
Hello! So I guess I am a little confused on how mortgage payments are decided. I have a cousin who wants to sell his home and travel in an RV with his wife. Bought it in '99 for $245,000. Zillow estimates $840,000 now...
Joe M.
Would you cash out refi to pay off student loans?
Hi everyoneWould you do a cash out refi to pay off student loans? About 40k worth of student loans at 6%. The place is worth about 130ish, with 55k left on the loan. Id imagine I could get a rate about 4.2%What all...
Jacob Pischer
Holding Costs
So I have a question. When i have to calculate Holding Costs is that including the cost of the money i borrow or is that part all collected at the end of the deal? So if i don't add that in is all i am calculating I...
Bryan Field
Multi Family Seller Financing Advise
Hello BP!I am a new ish investor looking for some advise on a multi family deal (4 units) with initial asking seller financing terms of Price: $824,99910% Down Payment = $82,49910 Years Interest Only at 5%Monthly Paym...
Sherman Johnson
Tenant 20 days late. Paid rent but not the fees
Tenant has been renting my property for 8 months. They paid the rent on time for most the first 6 months. The last 2 months the rent has been late. The late fees were always paid per the lease agreement. However, this...
Account Closed
Rehab Finacial Question
I’m new to the subject of investing in real estate so please excuse my ignorance. When buying a property for flipping or rehab and rent purposes how does paying the mortgage work? If rehab takes 2 months and selling t...