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hi, how are you? i’m Twannisha Jackson. i’m house hacking in cleves, ohio. i have a question about paying the mortgage down & what’s the best option? should i start adding extra to the principal immediately or kee...
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Does anyone have any experience with interest only loans for home purchase?
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection.
My lender is trying to determine if that would vio...
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Hello BP Family!I'm looking at a deal in Baldwin Park, CA for a 26 unit multi-family home. This is my first time reviewing a deal and was hoping someone can help me with some of my questions. 1. On the marketing sheet...
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This question has puzzled me for some time; oddly, I cannot find an answer. Hypothetical Scenario: I'm a newb in real estate and I purchase a property for $100,000. Over two years, I've put $20,000 in equity into the...
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Example:1. Seller owns an investment house FREE and CLEAR. 2. Seller bought house 6 years ago at $350,000 as investment property.3. Market price now $550,000 4. Seller refi's at 70% LTV = $385,000, 30 year at 5%; PM...
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Hi All!
I recently (November 2020) purchased a property in Northern California and the market lifted quite a bit in the 12 months (18%+). Sadly i am having to move cities due to another job opportunity but didn't wan...
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What is a good cash on cash return for a small multi family rental property in Phoenix?
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I have a potential Seller fiance deal
Property ARV: 200,000
Asking Price: 135,000
Down payment :25,000
Repairs: 25,000
Rents in the area: 1200
Monthly payments: 501 (Principal only payments for 3 years)
Paymen...
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I'm looking to start my RE investment journey. I've hoarded cash, am debt free with a credit score of 815. Ready to go. I currently rent. I've heard three schools of thought as to where to start. What is your opinion ...