I have had a 30 yr mortgage on a rental condo since March 2018. Here are some details before I continue: Original Principal: 84KRemaining principal: 62K Interest: 5.25%Monthly payment: $722 + whatever extra I pay on t...
I'm acquiring about drawing a HELOC on my primary. 80 LTV would have me at about 50k after what's left from my first mortgage. I've just spoken to BofA who has a 7% rate, about 2.5 points above prime. Does that see...
When submitting an offer on a property in a competitive market, what techniques besides increasing the offer do you use to make your offer more appealing to the seller and increase your chances of winning?
We are new to this and trying to see what would be our best options for our primary residence mortgage in Bay Area, CA$900,000 mortgage3.625% int - 10 yr arm - $7,000 closing costs4.00% int - 30 yr fixes - $7,000 clos...
Hello, I am new to real estate / bigger pockets / etc. I wanted to ask: How much is a good starting capital for a new investor to start investing in a long term BRRRR strategy? $50,000? $75,000? I am currently making ...
Hi Folks. A general question about a specific market; how strong is the SFH and multifamily rental market in La Crescenta, CA? Any ideas on what's the most sought-after attributes for SFH (bedrooms/bathrooms) in the...
For the BRRR calculator is the main driver of cash flow the rent amount? I ask this because even when I lower my purchase amount the resulting cash flow remains the same.
I am new to real estate investing , is now the best time to buy a new property?
Hey so I am in the process of purchasing my first home it is new construction. I decided to get some upgrades on the property that I already paid out of pocket. The lender is now telling me that “ You can’t pay for se...
Hi all, working on closing a property currently. I originally went into the deal with thought I was buying under asking so I'd have some equity in the property in addition to the down payment in addition to cash flow....