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Hey BP, I'm out in Chandler, AZ (a city just outside of Phoenix, AZ) and I'm under contract for a new build townhome. I paid my deposit and locked in my price back in February of this year. The estimated completion da...
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I need to cash out refi this year, to pay down some hard money loans, my DTI took a beating. My lender wants to see 6k of profit between 3 properties. I asked my CPA, his reply below.Can you define “profit”? Is that t...
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Hello, I am starting to consider getting into multi-family units with the very specific goal of replacing my current day job income when I plan to retire at 62. Here are my current thoughts and situation and looking ...
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In what circumstances would you consider a hard money loan a good option or a good idea?
I've been reading for months about leveraging rental properties and I am set on becoming finacialy independent this way. I have made spread sheet after spread sheet. But I'm still lost.Im 26 and have 40k from my last ...
Above are actual numbers that I tracked on Personal Capital and graphed using http://sankeymatic.com/build/.I just hit a 50% savings rate of my after tax income! A high savings rate is stressed in Scott Trench's book...
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ATTENTION LANDLORDS!SBA Economic Injury Disaster Loans (EIDL) are eligible for Rental Property Owners.Standard SBA Loans are not available for passive income (except Hotels and Self Storage)... THESE ARE NOT NORMAL SB...
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Considering that the job market was such a strong factor for such a long time in the value of an area and properties; how does the paradigm of a large percent of the working force (~17.9%) 27.6 million working from ho...
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It is confirmed Amazon chose Long Island City and Crystal City as number one and two for new headquarters. Let's track prices in those markets to see what happens.
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I spoke with a Quicken Loan lender just to get a quick estimate of what kind of price range I was looking at for my first REI (also first home purchase). The lender stated that the best route for me was an FHA loan. W...