William Donnelly
low income rentals
Hello All!I am a new investor, focusing on small multifamily properties as an owner occupant. Forcing appreciation, new every two, and eventually moving to own a larger number of units. I have been doing research on t...
Michael King
Stimulus Check / Economic Impact Payment
I just received an EIP visa card with a lot more money than I think I'm entitled to. Our combined earnings in my household was a very healthy 6 figures last year; I thought the stimulus money was for those whose incom...
Account Closed
Will paying cash for a deal punish us on Cash on Cash returns?
Is it harder to get a ten percent or more Cash on Cash return when doing cash deals? Seems like the only way we can up our Cash on Cash is to calculate the purchase with a much lower down payment... but we want to si...
Rich Davis
Interest rate vs APR
So I went to my bank just to see what kind of rate I could qualify for and I got pre-approved at 4% interest rate and 4.35% APR. What's the difference between the two and is this a good rate? My credit score is 800-81...
Andrew Carter
"Below Value" Appraisals, why is the buyer required to pay?
Hello, I'm brand new to BP but looking to learn quickly...which will mean asking lots of (but hopefully not to many "dumb") questions. This may be a question with an obvious answer, but I'm curious, when a property ap...
Bill Goodland
Buying 4-plex during Evictions Process: What would you do?
So I’m interested in putting in an offer on a 4-plex in an up and coming area around the top of my budget to househack by living in one of the units. Listing agent recently told me at a meetup that one of the units is...
Ronald Starusnak
From $0 Annual Rent Profit To $300,000 In 12 Months | Renpro
Hey guys, in the past few years my primary focus has been on fix & flips, new construction & remodels, and generally working on things where we made great money as a company but even with a good reputation and...
Ryan Hutchins
Selling a Rental Property within year! Tax Consequences, etc.
Hey Everyone!My partners and I built a rental property for $350,000 and have an opportunity to sell it for close to $750,000+ based on comps in the surrounding area for the last month. Construction started in February...
Ivonne Hunter
Rate lock in fees on investment triplex property
Hello to all, I’m recently got into escrow on my very first investment property and when going through all of the fees to close I came across a “lock in rate” fee which is to lock in the 6.125% interest rate at a whop...
Danny Farrell
Should I buy a house across the street from an elementary school?
I'm considering purchasing a duplex...good neighborhood, nice property, but I'm hesitant because it's right across the street from an elementary school. I would be living in one unit and renting the other. I imagine t...