Account Closed
My first investment property
Im going to buy a house worth 200,000 for 150,000Ill get 50,000 profit but the bank will finance me the closing costs and repairs. repairs and closing costs are 10,000Then it means my profit is 40mil not 50mil right?
Christopher Aguilera
Refinancing my home
Good morning BP,I'm currently trying to Refinance my home and the lender is letting me know that I can get a lower interest rate than 3.5% but my closing cost are going to be about 2K more. They said it will drop to a...
Brandon Snyder
Why assume a lien or loan?
Hey everyone. I'm continuing with my real estate education, and I have a basic question someone could probably answer.Sometimes when buying a property, there's an encumbrance on it, a lien. Why would anyone want to ...
Ryan Koziol
Acquired 1-bedroom rental property generating 30%+ cash-on-cash return
Investment Info:
Condo buy & hold investment.
Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return. Currently appraising for more than double the price I purchased.
What made ...
Hector Espinosa
Seller Financing Advantages and Disadvantages
Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing te...
Jowan Chism
Unethical lending Practice
We’re are in the final day of escrow our lender called us on Monday and said they sent over VOE’s to our jobs and needed us to make sure they were completed so that we could close on Wednesday (today). So we scrambled...
Robert Palladino
First Rental, Closing Friday... Need Advice concerning Coronaviru
Hello, I am about to close on my first rental property, and BAM Covid-19 comes blasting in from left field, turning everything uncertain.... I'm just looking for some advice on how some of the more experienced investo...
Najat F Kessler
What rate for 30y mortgage w/25% down 420K invest proper 3units
This is my first post here so please be gentle :D I am looking to buy my first investment property. A 3 units multifamily at 420K, brings in over $3700/month. I got 5.99 as a rate for a 30 years mortgage. Should I sh...
Ryan Cunningham
Equity Stripping: Heloc vs Mortgage
I'm going to be purchasing my first rental properties in the next couple months with hard money loans. I would like to pull equity out soon after to pay back the loans and lower my monthly debt payments. I know that 2...
Steven Barr
Refinancing rental properties - how does it work?
Alright, don't jump all over me for the question, but I really don't know the answerLet's say I buy a home for $100,000 and put 20% down with a 7.25% mortgage. I now have $80,000 worth of debt with roughly $450/month ...