John Stevenson
Stay away from adjustable rate mortgages.
Investing is about leverage. Leverage is about stability. If the rate on the loan adjusts annually, you can be pretty sure the rate will adjust up. Take a look at how just two percentage points can change your payment...
Mark Nolan
Lenders at 5-10% down on investment property
Hi BP!I own 3 multi-families in the greater Boston area (2 duplexes in Watertown, One Duplex in Brighton) and I'm looking to expand my portfolio.There are several properties I've been looking at where I can afford the...
Jack B.
Landlord friendly states to buy rentals in?
The entire left coast has become a joke. Landloards can't enforce lease terms and basically have to let tenants live for free while they damage the hell out of the place (situation I'm facing).Attorney I spoke with to...
Joseph Scorese
Mortgage Rates Moving Into High 3's
Mortgage Rates Moving Into High 3'sMortgage rates continued lower today, adding to an already impressive streak of improvement that began in mid-July. Much of that improvement has come courtesy of increasing concerns...
Cristina S.
Need urgent help! Am I chicken?
Hello,I need some urgent help - thank you so much in advance! We are in the process of purchasing our first rental (buy and hold), getting ready for home inspection - but we are thinking of dropping out. Should we? T...
Marcus Griffin
Buy subto sell via wrap question
Im closing on my 1st subto deal at $300K(240k mortgage balance, $60k Partial claim balance) Seller interest rate is 3.4% payment is $1900. I'm looking to wrap this to a end buyer for $350k at 9% interest 10% down. Sho...
Jeremy Sanders
Partnership Financing Question
I want to make sure I got the full understanding when it comes to Partnership Financing. Please if anyone can fill in the gaps. 1.) Fully Equity Partnership is mainly used when flipping Houses. You use the funds of...
Christopher Smith
Re shingle Roof - Tax Treatment Expense or Capitalize
Will likely re shingle an 18 year old SFR's roof in the next 12 to 18 months. No major structure work will be required, nor removal of old shingles. Will likely run around $6,000. I've seen some fairly aggressive back...
Pete Linn
Paying off primary residence vs buying a rental
I have 3k surplus monthly. I have been throwing into my primary residence at 6 % 30yr fixed. I own two rental property one is paid off and the other one is at 2.75% 30yrs fixed I don’t plan on paying it off early beca...
Kentrel Leverette
Managing investments during Covid
Hello Investors I own a portfolio In Memphis, fortunately have been able to remain close to being fully occupied with most tenants paying rent, tho sometimes a few days behind. With everything that's going on I was ju...