Sam Lee
Purchasing apartment: cash reserve
I have yet to purchase an apartment building but I want to know how much cash reserve you need when you first buy the building, and then when you are running it. Let's say the downpayment (20%) is $100k, how much woul...
Daljit S.
New Jersey Tenant Consistently Late on Rent, Missing Rent and Now Unresponsive
Hello BP,
I'm currently house-hacking a 2-family property in the Hudson County area. I bought the home just over two years ago when interest rates were at an all-time low. When I purchased the house, the second unit ...
Nimit Gupta
Refinancing my 1st home: Seeking advise for my real estate journey
Hello,
I am a first time home buyer and I'll be purchasing my 1st house (primary residence) in the next 2-3 months.
Value- around $400K
Down payment- $25KLoan amount- $375000Questions1) Since I am paying only 6....
Gytenis B.
Owner financing plan. What would you ask for?
Hello Colleague,I have a questiona bout the home owner finanting.A bit of background. I am a young working professional. Spending approximately 45% of my income and saying the rest for real estate investments.Because ...
Richard Slade
Short term loan question
I have a potential agreement with my family in the works for a 2 year interest only payment loan with a balloon payment after refinancing..My question is the way to calculate this? These are not real numbers just exa...
Briannan Burns
Paying on a LOC or Loan With No Current Cash Flow
I'm new to rentals and fix & flips, and am currently just exploring my options, in terms of getting a loan or Line of Credit to help fund the purchase & renovation of future properties. My question is, after b...
Account Closed
Do lenders factor none escrow tax and INS into debt to income
So I'm somewhat new to the Investing world and had a question that I haven't been able to find the answer to. I'll give some background info first. I currently have 2 homes. A personal residence and a investment prope...
Ken Cooper
Refi to invest?
I have found a property that I would like to purchase as an investment. To get the funds to purchase the property, I plan on taking equity out of my primary residence. I am trying to decide if it is better to refi...
Mina G.
Tenant paying rent late almost every month now no payment
I have a tenant who was paying on time. Now the tenant paid late the last 5 out of 7 month. I charge about 10% late fee after the 5th of the month. and a flat rate fee each day after.
This month I still haven...
Greg R.
HELOC for downpayment - means 100% financing - too expensive?
Hi all,
Wrestling with making sense of HELOC as viable option for financing..Current strategy would be to buy and hold cash flow + rentals. I have been planning to use HELOC to fund down payment, then mortgage to co...