Jason Muenchow
Help analyzing this deal
Thank you for taking the time to read my post. My wife and I are purchasing a duplex and I was wondering if anyone was willing to critique the deal. The basics: Purchase price - 175kGross rent - 2000/monthTaxes - 2300...
Fabian Marrufo
What would you do if you were in my shoes
I recently bought a property at discount to fix and keep as a rental, a week later the realtor calls me and tells me she has a buyer and I can double my moneyI paid $20k for it I had 1 contractor give me a $30k bid an...
George Frye
REFINANCING A RE PERFORMING NOTE
Hello fellow note investors, I have a question. I have two re performing notes that justg started. However some of my investors are getting antsy. What are some ways to refi out quick?
Brad Cherry
Using a HELOC on primary home to fund down payment
We have a good amount of equity in our primary home, is it a good idea to use a HELOC on that home to purchase our first and possible second investment property?
Arcinio Arauz
To Quitclaim or not to...that is the question
Many of us here on BP pretty much know the various types of deeds... Warranty Deed, Grant Deed (California), Deed of trust, Quitclaim ect. We also know some the differences between them. So my question is when would w...
Steve Sapowsky
20% Seller holdback to eliminate PMI
Can a seller hold 20% of the mortgage as the down payment if the property is not paid off? Could I offer the seller $40k higher than asking price and have that profit go into the deal as the down payment? Keep in mind...
Connie Tang
Raising Rents on Inherited Tenants
Hi All,
Seeking your thoughts, insights, personal experience, etc. on this...
I am in the process of purchasing a 3-unit property and would be inheriting the tenants, who are month-to-month. Since the tenants would ...
Emil Pinlac
Please Advise: ADU Cost Components Breakdown?
Would anyone be able to give a quick breakdown of the various costs associated with planning and building an ADU in either your backyard, or as a garage-conversion in California? I'm talking about modest-sized JADUs o...
Dave W.
Re-fi offer from our lender (Wachovia)
We currently have a pick-a-payment ARM. We're not behind in the payments, but are paying the minimum pymt, resulting in about $1k/mo being tacked onto our outstanding loan amount each month in deferred interest.
Our ...
Jason Rosenbaum
Multi Family Analysis
Hi BP,I wanted to get some insight on analyzing a multi family deal. If I were to purchase an 8 unit property with a few current vacancies, but all are rent ready, is there a rule of thumb on how much the value of the...