Sam Morgan
Should I refinance FHA to terminate PMI
Hi All!I purchased a duplex for $340k w/ 5% down on a 30 yr-FHA @ 2.75% w/ $21k all in. I currently cash flow $265/mo (10.6% coc). PMI is $213/mo. This is a house hack, so next yr cash flow $640/mo for a 25% return. T...
Jonathan Denney
STR regulations/restrictions in Nashville
So, I’ve heard/seen that Nashville can have some restrictions on STR, especially if they are not owner occupied. I was wondering if anyone local to the area could inform me as to what areas do and don’t allow non-Owne...
Bob Collett
turnkey
Hi everyoneI see a few turnkey deals posted here every day or so. When Cleveland area turnkey properties are posted for sale, are they typically available for showing? By definition, they are tenant occupied... So do...
Jerry Hill
Social Media as a pre-screening tool
Hello all, I'm looking for some advice. I have a unit in a duplex advertised at various websites and yesterday I had a lead emailed to me from one of the sites I use to advertise. When I called the person to talk with...
Carrie Hallensleben
Perhaps a ridiculous question about seller financing
Hello fellow BPers,We currently own 3 investment properties and just assumed a VA loan after a lease to buy option with the seller for our current primary residence. That was kind of a nightmare but it finally is all ...
Eric M.
New IRS Regs Target Real Estate Investors
FYI, I have no connection with the author of this and no knowledge of this subject. Just on their mailing list and thought I would pass this along.>>>>>>The headline says "real estate investors" but...
Dante Devine
Cap rates across the country
Hello BP, fellow investor located in LA looking for good multi family deals. I have a question. Can't one look at average cap rates across the country and make a pretty good decision on where they should invest? Cap ...
Brandon Duff
My First Trial Run on a property. Testing the Numbers.
Property is $179,000 for a 5 Bedroom Multi-Family home. They said the total income is $2075 for rents ( Based on a site) $2075 * 50% Rule = $1037.5 20% of 179,000 is 143,200 @ 4% interest Rate makes the Mortgage $683....
Shel K.
First time home buyer...should we close or cancel escrow?
BP we need advice! First post so please forgive the formatting. My gf and I are looking at a (town)house hack for her (she's buying on her own). Unit is 3 bed/2.5 bath with attached garage and tons of deferred mainten...
Michael Belz
Seeking Feedback on Multi-Family Deal Underwriting
Hi Bigger Pocket community ,
I’m seeking feedback on a 6-family property I’ve underwritten in New York . The purchase price is $1.45M, with a current rent roll of $13K per month (market rent is about $16K). The NOI...