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Hello, I’ve been BRRRing and using 30 year DSCR loans. So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years. I’m debating if this is wor...
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Someone asked me recently how I handle things if a tenant needs to break a lease. This person's father recently died and he didn't need to live in a 2 bedroom apartment anymore. He said there was a clause in his lease...
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My mother is selling a mobile home on a lot to her neighbor and is offering seller financing (California). The agreed upon purchase price of the property is $150,000 with $10,000 down. She would like to have a monthly...
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I have two tenants that don’t seem to get along. They live in a building with two apartments, one up and one down. They share a patio downstairs. Tenant A, the downstairs tenant, has already given his notice and is le...
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Hello all. Next year I want to begin the process of buying my first multifamily unit, which I want to live in one unit. But all my money is in IRA's and other money funds, and I think I'm going to need to tap into tho...
Hi all. I'm new here and looking for potential advice on a Roth IRA situation.I am a graduate student on a fellowship stipend. This stipend is my only source of "income," and is not reported on a W-2, but the entire s...
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Hey BP, I spoke to a seller yesterday. He is interested in selling his property as he is retired and would just like to cash out on this rental he’s had for years. He stated none of his children want the property, the...
Hi All! (Reposting also in this forum as I'm not sure the right category)
I'm about to close on my first deal on 5/30 in San Diego, CA!!!!
It's a currently occupied duplex, that is rented waaay below market: $1,700/...
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Hey All,I have a question about prepayment on conventional loans. The mortgage loans I'm currently after all state "no prepayment penalty." Say I am a few years into my mortgage and I believe I can pay a little extra ...
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Hi Bigger Pockets! I have about $6k in a Roth IRA. I just looked at my quarterly statement and I made $43 this quarter..... can anyone shed some light on cashing out an IRA. I also have about $20k in my teacher retire...