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Hey fellow BiggerPockets members & Michigan investors!I am currently trying to find a cash-out refinance-friendly bank in the Lansing (or Michigan) area. I own a single family rental property in Lansing, MI in a ...
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Hey there, I’ve recently come across this concept and after doing light research I cant seem to find anything wrong with this personal finance system thus far. I got a quote to see what the cash value is year 1 and it...
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Can someone please help me understand the the reason why these low cost properties are so popular?
It seems that many people are purchasing these low cost properties that generate a net positive cash flow of about $...
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So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
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Good afternoon. I've been a member for 4 years or so, but I got distracted for 3 of them. Now, the fire is lit again, and I'm motivated. I have been in discussion with 3 owners of a single family home that has been a...
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I'm always looking for ways to minimize my risk. I recently discovered that meth lab clean up isn't covered with our insurance. For those who don't know, cleaning up a meth lab can be very costly - and there's a right...
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So, my partner and I are buy-and-hold investors from Southern California and now, for the obvious reasons, are looking to invest in Central Florida area. Our research shows that there are still a good inventory of for...
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for those that have closed subject to deals (Texas preferably), are the closing costs generally the same, greater or less than a traditional sale?Is the title insurance for buyer based on remaining loan balance? No ne...
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I have a commercial mixed use 5 unit building being refinanced, but the property insurance requirements are killing the deal. There is something about an 80% co-insurance that is forcing a replacement cost coverage of...
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Hi BP,I've been analyzing deals just to get as much experience on finding a good deal. The problem is I'm putting properties into my excel spread sheet and my cap rate pro app and I can't seem to "make" any money if I...