I am looking to purchase a note(first time) where the UPB (unpaid balance) is about 45% of the value of the property. The interest rate is only 4.25% and only 5 years left to maturity on a 20 year loan. What kind of ...
It is no secret that after you do your first multi-unit purchase, you become hungry to get out there and find another great deal. One tip that I have for new investors, especially ones that made their first purchase w...
Looking for input on how to handle orphan nights. My cabins typically rent in the $400 - $600/night range. I've been reaching out to guests and offering them the chance to add a day to their trip for $250. So far I ha...
I am very close to closing on my first single-family home. The numbers look good for my wife and me but I was curious as to what we should expect to actually pay in property taxes at the end of this year. The property...
We have a $130,000 triplex that I have a $83,000 private 5% interest only balloon mortgage on. The lender, a dear friend has some health issues, and I wish to repay by refinancing. It's not terribly urgent, but nece...
Hi guys, I've been trying to learn how to accurately calculate the numbers on a potential rental property. So far I have a decent idea of each of the expenses but I am stuck on a few. @Brandon Turner had said in one...
Hello BP Community,
I have a question regarding my triplex in Ocala, FL. The property needs a new roof, a new parking lot, and a few other minor improvements to enhance its performance. While I have sufficient liquid...
I am looking at an off market deal to help a neighbor and make a long term investment. My neighbor needs to sell and doesn't want to move. I wanted to propose he sell to me at a 20% discount and I would lease it back ...
Hi there,
A co-worker with some single-family rentals has asked whether I would like to purchase a package of 4 of them, 3 currently with tenants and one nearly ready to rent. These are 90 minutes away from w...
Hi, over time I am am planning on buying a totall of 5 condo units in a building which has a total 9 condo units. I currently own 3 units and have a pending offer on the 4th.What are there advantages and disadvantages...