Haiyang A.
$8000 closing costs for cash-out refi of a rental property in Cincinnati
I am looking to do a cash-out refinance for a rental property which is located in the Cincinnati area. The quote I'm getting from a local mortgage broker is as follows: 30 year fixed conventional financing, 75% LTV, 7...
Michael Pempin
cash out refinance a cash flowing property
Does anyone have experience refinancing a rental property to cash out refi a cash flowing property, only to turn it into a non cash flowing property after increasing loan amount from cash out? property as follows:cur...
January Johnson
1099s - A Good Reminder for Investor Newbies
Since today is the deadline to file 1099s with the IRS for all contract workers, I thought I'd share a simple "best practice" for getting the paperwork done.Print out a short stack of W9 forms to keep in your car or b...
Justin Goodin
👋 XIRR vs IRR: What’s the difference?
📈 XIRR vs IRR: What’s the difference?
XIRR and IRR are used to find the IRR of a project.
But what is the difference between them?
The XIRR and IRR functions in Excel are nearly identical besides one critical dif...
Jon A.
Helping Daughter Buy a House
Our daughter is moving from Washington state to Albuquerque. She'll be retaining her old home as a rental. Her new job won't be starting until August. So, I was surprised when she told my wife that she had been qua...
Chan K.
Section 8 - Failures
Hello Landlord,
I have a question regarding section 8 tenant.
I have been having this section 8 tenant for a few years now. The inspection occurred annually every year. Then, the inspection failed every year 4-5 ite...
Devinn Houston
Closing and Holding Cost
Hey Guys,Im a noob trying to get a good idea of any cost that might jump up in the middle of a project.Are ALL of the holding and closing cost (buying and selling) usually financed through the hard money lender or who...
Tim Moore
Capital Sales Tax = Bummer
Hey BP Family have you ever done an analysis on a possible property you can flip and realize the amount of capital gains tax you would have to pay? Well I recently did and I am flabbergasted on the amount that I woul...
Justin Calmes
Take a look at my mortgage
My mortgage is $642.04.
Principal is $171.81.
Interest is $295.76.
Escrow is $174.47.
Interest rate is 3.5%
Does this interest cash amount each month seem crazy high? I thought I would...
Sean Grady
Fix and Flip Analyzing Tool
I'm considering doing a couple flips this year but I'm concerned about the data in the BP Fix and Flip tool. It doesn't appear to calculate or take into consideration the "down payment" for the acquisition! This see...