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Hi everyone. I own one Airbnb. I want to buy the second, but I am afraid it’s going to be hard to pay for two mortgages, with only my 9-5 job. Should I use the profit of my airbnb to help pay the monthly installment...
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Looking to find a deal on a duplex/triplex on the south shore in Massachusetts. My only way to fund this right now would be a cash out refi. I have around 100,000$ in equity in my primary house. Can anyone recommend a...
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I want to buy a house subject to and have the owner rent it from me. (He's willing) I then want to have him re-fi immediately, as he does not have a fixed rate mortgage. He would sign a 3 year lease for $2500/monthly....
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Hello BP members, currently living in New Jersey renting paying about 1100 a month in rent and officially fed up. Me and my cousin who is also paying about the same amount of rent for his apartment are considering par...
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Hello All, I’m trying to buy a triplex for $600k. Owner has a mortgage of $300k @3.375% and will carry $100k @ 2% if I put $200k down. Owner wants ballon payment of total balance in 12yrs. Current rents total $3500 mo...
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I am a real estate broker in Illinois and I am interested in purchasing properties at judicial foreclosure sale. I am having a difficult time obtaining reliable information regarding which liens will stay with the pro...
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I'm confused by the last sentence of this example in my real estate course. "A builder would rather make an additional cash payment to the lender than reduce the price on a home in a new development."Why would the bu...
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Hi everyone, I’ve just recently started looking into real estate investment, and I have a question about potentially refinancing my house. I got my single-family home that I currently live in in Sept of last year for ...
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Can anyone help analyze this refi scenario?
I am looking at refinancing 2 SFH properties which currently have 15 year amort, 5 year balloon, 6.625% interest, with just over 2 years left on the balloons. I have 10 ...
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It seems to me that the only way into the real estate investment game is to begin with condos. I've been trying on single family homes, but I keep getting boxed out by cash buyers. My strategy is buy, repair and rent....