Stacey Collins
Mudroom vs. small office/extra room - for rental OR resale
Hello! This is my first post and these forums have been invaluable as we embark on our first real estate project.We are currently under contract on a single family home in Cumberland ME. We had originally thought to r...
Mike Provencher
Should I refi my FHA loan?
I have a duplex that I live in and rent the other side. I got in with a 3.5% FHA loan which has mortgage insurance on it. My loan balance is about $165,900 after 3 years. Market value is likely $210K. I just got an...
Samantha Miller
Pondering the DTI Ratio...thoughts?
Just a thought, and curious as to others' thoughts on this as well...I've been thinking about the DTI (debt-to-income) ratio used in lending decisions. For those unfamiliar, lenders typically will not lend to a borrow...
Fred C.
Finishing basement before rental?
Hi BP, wanted to gather your thoughts on what return you'd require on capital used to finish a basement. We'll be doing the majority of it ourselves, and a conservative estimate is $15k with about 20% margin for 750 ...
Kareem Aaron
Is it okay to ask for 2x deposit + 2x rent (first and last month)
Since all the applications I've been getting have really bad credit scores, and having gone through evicting a tenant who couldn't pay me three months' worth of rent, I decided to ask for double deposit and first and ...
Jennifer Schultz
Replace your mortgage
I recently came across the company Replace Your Mortgage. They advise you on HELOC products, banks that offer them and strategies to pay off your mortgage quickly and to invest in real estate with other products tha...
Bailey Kramer
Operating Airbnbs without EVER seeing the house
I own 2 Airbnbs and Co-Host several properties that I’ve NEVER seen in person!
It all comes down to having the right team, Technology, and processes in place!!Teams (of course there are more, but these are the top ...
Frank Bohn
Help me structure a deal with my parents - buyout/exit strategy
(TL,DR) Searching for an exit strategy/buyout options on real estate investment involving 2 couples - each with kids as heirs. I'm hoping someone here has a similar scenario, or can provide some input to this deal. ...
Account Closed
$150,000 W-2 and RE investing. An observation
RE isnt going to get you there. Case in points.1. Dave Ramesy loves RE yet readily admits biggest wealth generator is a W-2 job.2. Notice how many SUCCESSFUL RE investors have joined the BP payroll. Im sure at...
Account Closed
Who has really bought a MF themselves?
I have bought SFR only thus far and made a-lot progress in my opinion. I see folks recommending MF books, training and etc and tooting MF. The best I can tell 9.99% of the folks talking about MF have NEVER DONE IT Th...