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Hi y'all, New to this- so don't eat me alive. Reaching out what are the cons and pros in investing in multi-units out of state (coming from California). Other than who to trust, I've been getting all documents from re...
I purchased a home in 2005. We lived in this home for 10 years and then relocated to our current home. In 2015, the market was terrible, so we would have had to sell the home at a loss. Therefore, we decided to rent i...
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I currently have 7 properties with individual commercial loans on them totaling $192k. They are all 1-2 years into the loans.
5.5% variable
10 year amortization
5 year balloons.
I have b...
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Please help me analyze this deal. Property is located on the square in my city. It's going to be owner financed with the following conditions, 10% Down at at 6.5% APR rate, listed as 475k, with two units, that owner w...
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Hi All, I have mortgage from WellsFargo tell me that even if I pay additional payment to principal won't decrease the mortgage payment. is this true? They said minimum payment to be adjusted has to be $20,000 and they...
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Hello all! I am looking for input on an off market deal I found for a 14 unit building 10 minutes from where I live in the Midwest. I feel like I should pull the trigger on this deal, as I have been mainly in analysis...
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"Terms: 20 yr at 5% interest only with balloon at 7 yrs" Does this means that the loan itself is for 7 years & should be paid off within this time frame? Monthly interest only payment amount will be based on if it...
Hello all,I've been a BP "lurker" for several months, but now have some money to invest and would like some expert feedback.I am looking at a triplex in a good neighborhood, in a small "artsy" town in central New York...
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Investment Info:
Single-family residence buy & hold investment in Syracuse.
Purchase price: $238,000
Cash invested: $60,000
Just closed a few weeks ago on a package of 4 SFRs in Syracuse, NY. Pr...
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Houses nearby go for between 60K-100K based on size and block it's on. Having trouble nailing down a solid number since it's in the city and a block or two makes a very big difference(best est is about 85K-90K ARV i...