Bobby Lee
Refi cash out to buy new property
I'm looking at a cash-out refi to use some equity to purchase another property. How should my calculations change though?I run the cap rate calculations and found a $500k SFH with a good cap rate at 20% down. Let's sa...
Stephen Ray
Any Ocean City investors doing STRs?
Hi BP! Anyone out there own any investment properties in Ocean City MD? Specifically that you are using as a STR? Would also like to hear from Realtors in the area that may manage STR's. Looked at a few places about a...
Sam Stout
Interest only under TCJA
Hey! Can anyone explain to me the new rules under the new tax plan about the limits of writing off mortgage interest, specifically on your primary residence? I've hear it may be really beneficial to switch to an int...
Nick Osborn
New to Running Larger Complex, 36 Units, Trying to setup Financing
Hello,
Im working with a lender to refinance into a Fanny Freddy mortgage now that I have stabilized my 36 unit complex.
They have asked for a CAPEX schedule, and a T-6, in addition to the rent roll.
I imagine a...
Matt Sora
Renting from your LLC
Is it possible to create an LLC, Buy Properties and place them in it, then rent it yourself from your LLC? What would be the benefits from this?
NA NA
Broke buyer gets crazy: Home sold on land contract needs repairs
I have a house that I sold on a land contract. So I created a note and there is an underlying mortgage. Now a few years later the sellers are saying that the house needs a new AC unit ASAP. They don't have money fo...
Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...
David Johnson
Financing Problems (DTI), Portfolio Loans the Answer?
Hey everyone,The main issue I've been having with expanding my real estate portfolio is obtaining additional financing. I see people posting all kinds of strategies just assuming that one can easily obtain financing (...
Frank G.
Title Fees in NJ (Passaic County)
I am closing on a single family owner-occupied residential property. Loan Amt is $175,000. The Title company is charging me the following fees:-Admin Processing Fee $35-Closing Protection Letter $75-Lender Title Insur...
David Klein
New member her on BP
Hello everyone my name is David Klein. I am new to BPs and wanted to introduce myself. I have been thinking about getting into investing since I was a kid and saw the commercials for buying bills of sales. Now many ye...