Rick Raleigh
Newbie - Hold or Sell
Hello,
My name is Ricky and I'm brand new to BP and to real estate and wanted to get some opinions from others who have done this before.
I'm trying to determine when it makes since to sell vs continue to hold a re...
Chauncy Gray
Amortization Schedule - 30 Year Mortgage
Hello Everyone,
I was at a local real estate investor group meeting last night, and I was told something that I could not believe at first. I was told that amortizations are never good, especially for 30-year mortgag...
Sahara Faughn
Please advise - Covid-19 partial claim, Preforeclosure auction and home sale
I am currently in Preforeclosure with a scheduled auction on August 20th, and I am under a special forebearance due to medical issues and having 2 small children under the age of 7. I found a buyer for my home, got a ...
Donna J
Is it possible WAMU will lower my principal?
We have an investment property that we bought in 2004. We had an adjustable rate mortgage, so we refinanced in 2006 to a fixed rate, because we were to afraid of what the rate would be if we waited longer. We have a f...
Jimmy Day
Hold property or let it go?
I have a studio loft in downtown Atlanta that I could likely sell for $135,000. I currently owe about $107,000 on it and have it rented out to an amazing tenant who has never called me with the first concern over her ...
Eric M.
Lenders, need some advice on a loan gone bad.
Luckily in my several years lending, I haven't had any deals get too messy so I don't have much experience with finding creative ways to solve problems and my attorney is sometimes not aggressive enough, IMO. So I am...
Aimee Lawrence
Refi, sell, or do nothing?
I have a property in Fort Collins, CO that is cashing flowing but my tax guy and my mortgage guy are telling me to sell. I would qualify for the primary residence tax break because we lived in the home 2 of the last 5...
Roberto Westerband
First Lien HELOC Strategy
What does the BP community think about 1st lien HELOCs as a way to free up equity in your primary home for investment purposes? If anyone has gone through the process, can you give any advice as to whether you recomme...
Henry Li
2nd mortgage note - Can I foreclose?
Hi all, If I have a 90k 2nd mortgage note on a property worth about 600k which the first mortgage is 340k, leaving enough equity on the house. What is the best exit strategy? A bit background, I did a flip...
Josh Justiniano
When calculating IRR...
When calculating IRR should I account for equity accrual? Or do I only account for initial cash outflow and cash flows without principle pay down and appreciation?