I was able to get a single family home under contract for 207,500 ARV 300,000 rehab 25/30. I'm getting a 5.875 interest rate taxes $8700 and insurance $900. The numbers made sense when taxes where $4700 for rental. U...
Hello Everyone: Getting in to my first short Sale and have a seller go ahead purchase and sale agreement in place. Understand that the next step is the waiting game for the banks.
Also I have 10 days starti...
Hello all!My name is Charles, I'm 19 years old and in the process of educating myself about real estate. My mind was blown listening to a few podcasts some months ago; perspective of life has totally shifted. My goal...
Hi BP Family,
My husband and I are looking to do a cash out refi on our currently paid off home. We plan to use all the funds for investing in rental properties. Would the new mortgage on our home be tax deductible i...
I don't understand this statement and I hear/read it often. Isn't the bottom line the price you pay for a property -more important than terms? If a seller wants 50K and you want to pay 40K, how would modifying terms...
Hi All, I am about to go into contract for a 2 fam house in NYC (Queens). The home was a single fam converted to a 2 fam years ago. There is no Certificate of Occupancy (CO) on file and from my understanding, the only...
I did my first house hack last year, now I’m getting serious about real estate investing. What are some of the best tips you wish you knew when first starting out?
Hi BP Community,I'm a first-time home buyer in New York City. I was wondering whether a pre-approval letter from a bank should always contain the pre-approved amount plus the interest rate for the duration of the term...
Just got my re-assessment letters for 2016. Is it me or has the City of Milwaukee gone insane?My LOWEST increase on a multifamily property was 25%. I had one at an 80% increase!!! Most were around 40-60%.Has anyone el...
Now that i am getting over my phone fear, When talking to FSBOs, I want to make offers (sometimes multiple on the same property) .How do i do that? Do i schedule an appt and make my offer there? Do i do it over the ph...