Max McNally
Rate my deal! Ohio four plex
So I recently signed a contract for my first property, which I am pretty excited about. It's a multifamily in Trotwood, Ohio. The numbers look really good. I have it under contract for $92k, the combined rent is $1980...
David Stover
Deal or No Deal? Milwaukee Mercantile Apts
Hello BP,I'm new to REI and running the numbers for my first property. I'd really appreciate experienced investors to take a look at my work and let me know if my assumptions are sound or if I'm completely off base. A...
Mark Stone
Investing question
Hey everyone,I have a question in regards to where to invest next.I currently have a triplex and am trying to decide on whether to focus on increasing its cash flow via removing my PMI or moving on to purchase anothe...
Nathan Brooks
Financing for Australian Buyers in the US
Good morning...We have a number of Australian turn key buyers and I am just looking for any input, other solutions on the financing side of things you guys have found. Much appreciated in advance for:- lenders- peopl...
Lynsey Staes
How to "prove" rental income as income when getting a mortgage...
Current property situation... 1 SFH - no mortgage - cash flow is $366 a month - rented since March 20161 SFH - mortgage - breaking even - this was my house before getting married. We turned it into a rental as to kee...
Nicholas Misch
Fixed Rate or ARM For Rental Property Mortgages.
Hello BP family.
I have always used 15-30 year fixed rates, but I have been reading about ARM's as a possibly better option depending on how long you intend to have the financing or the property. Any advice on Fixed...
Anthony Mikolich
First time Newbie rental question.
I live in the northeast and want to rent out my house after I relocate down south in the spring time. My house has been appraised at about 319k. I owe 65k. Market rental rate for my house is about 2400 a month.After p...
Michael McGinnis
MEET UP?
Hi Everyone! I'm a new investor in the Tampa area and I've currently got one rental and looking to close on #2 very soon. I've realized I have not had an opportunity to network with any other investors other than my R...
Brian Pleshek
Rental Property and vacation
I have a new rental available 11/1. The plan is to fill it shortly. It's still under repair. I have a second rental which has had the same tenants for 3 years. I've barely been called out to the property(twice in ...
Philip Pape
Tax rate / treatment for short-term profit on security agreement
I am taking back a second lien on a property undergoing renovation. In a simultaneous transaction, I am entering a security agreement with the owner for a share of any profits from sale and (if applicable) rental, whi...