Debra Lane
15yr mortgage vs. 30yr mortgage with a 1.5% interest difference
I'm in negotiations to purchase a duplex as an investment. Would it be better to finance the property for 15 yrs at 2.75% or for 30 yrs at 4.25%? The loan will be around 75K. I wouldn't normally consider the 15 yr, bu...
Keith Thompson
Contractor Recos in Easton / Cambridge Maryland areas
Hello BP Folks in the Beautiful Eastern Shore Area of Maryland !I picked up a property (SFR) near Easton, in Cambridge MD that needs a good bit of love... Since I'm in Northern VA, I have nearly no contacts near the p...
Torin Perret
Should I form an LLC?
Hi, I'm a home owner and am looking into potentially buying rental properties down the road. Is it advised to do this through an LLC or other legal entity to protect myself from liability?
Account Closed
Why is the Marketplace so Lame?
I thought the marketplace would be my favorite feature on BP a virtual mls for the USA with plenty of offerings,investments,situations,etc that one cant find anywhere. I have been so far disappointed. Many just rehash...
David Kimball
First step: Looking to move and rent our house
My wife and I would like to get started with real estate investing and I think now is our chance.We are planning to move about 1 hr way from where we live now, and this could be the opportunity to make an investor typ...
Damon Silver
ADU on existing duplex property - worth it?
We have a 4/2 attached duplex up and running in an Oregon college town. The property has a decent-sized lot with a carport past its shelf life. We're considering knocking down the carport and/or putting in another A...
Greg Meyer
Application and late fees
I am negotiating with a property manager to maintain a 30 door investment. Recently, It came to my attention that the manager is charging a $50 application fee, and he would like to keep late fees. In your area: How m...
Gautam Venkatesan
Properties with 1 bathroom vs. 2+ bathrooms - which would you purchase and why?
I have only been looking at properties with at least 2 bathrooms, that is at least 2 toilets, preferably 2 showers too. I have stayed away from 1 bathroom properties. Why? Well if the only bathroom in the property dev...
Daniel Hornsby
Is it profitable to convert a Single Family home into a Duplex?
Good day BPers!
I just got a call from a potential seller who wants to sell a home he owns that he is converting into a duplex. Specs are as follows:
-1,876 sqft (we'll say split equally between both units)
-4 bed 2...
Mike M.
Do you go below the 1% rule when buying mutli-family? Where/why?
In today’s market and where we are in the economic cycle I think it’s even more important to follow the one percent rule especially when borrowing money. What do you think?