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Hello everyone,We just got our first MF under contract. Not sure how to approach it (re: funding, loan apps and etc)Here are the numbers:Total units: 7 (4x 2 beds, 3x 1 bed)Purchase price - $675,000Renovations - $20K ...
I was wondering if anyone could recommend a book or some other resource for gaining some more knowledge about financial analysis or just financial knowledge in general. The calculators here seem like a really good res...
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After reading many books on personal finance, a common recommendation is to keep track of your net worth. I like the idea of this. For me, RE investing is about CASH FLOW to grow and sustain the business and NET WORT...
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Hello all -My current non-RE related job is probably going to end in about 6-8 months and I'm trying to think through options on whether to do REI full time or if I should get a job in the real estate industry for a w...
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I heard about this lender on the the podcast. I am interested in refinancing my SFR rental property onto a 30 yr note. Anyone work with this lender? Any concerns? All input appreciated!
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Hello BP Family - I have a client that is in a financial predicament. They own rental property valued at $700k that is 100% paid off. The rental income is their retirement income. I would like to know if anyone here i...
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A bank that I have 2 mortgages with from 17’ and 18’ has sent me an email requesting an updated personal financial statement and tax returns. I was a little surprised being unaware of my responsibilities to maintain t...
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Hello I recently sold my house and got back $70,000 in equity. I found a cute little house for $87,000 I'm going to get a loan on for 15 years with a down payment of 17,000. I will live there a year then rent out.
Th...
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We currently have a few commercial properties in Georgia with $0 debt. Looking to acquire more flip properties and do some maintenance on other properties. Looking at about a $300,000 loan on a property valued at appr...
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I bought a 2 unit in February with traditional financing, in my own name. My credit fell apart (unrelated to the home) since then and I want to get another rental as soon as possible. A friend of mine suggested trying...