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Too much cash
I purchased 3 townhouses about 5 years ago in the $200,000 range. They are now appraised approximately at $300,000 each. My mortgages are roughly 175,000 each. Each generates about $300 month cash flow.
I would ...
Juan Monge
Buying vacant land with Self Directed IRA
Hi BP community,
I am hoping to get some insight and past experiences from other investors who have used their SDIRAs to purchase raw land in developing areas. My thought is to purchase small residential lots cash in ...
Taha Tekreeti
curious about SoCal investors are they finding any cashflowing long-term properties?
I need help analyzing a duplex I've found a recently selling for ~800k and renting for $4100/month. I've calculated the mortgage payment to be around $5500/month with a 6.6% interest rate and 20% down so that means th...
Bruce Bloom
Buying Preconstruction in South Florida Pros & Cons
I live in South Florida and I'm looking to invest here, but I would like to get some discussion going regarding buying preconstruction properties to hold and use as rental income. There are some pockets of developmen...
Orlando Goodon
$600k house sold @$175k in 2011, then $70k in 2016 now $500k??
I have see some CRAZY price histories in Zillow. I know you can't trust Zillow, but I suspect this is some sort of red flag? How can a house drop from $178k in 2011 to $69k in 2016, then in 2020 jump to $500? Is this ...
Murtaza Cheema
Thoughts on this triplex?
Definitely pricey, but location is unbeatable IMO:https://www.har.com/homedetail...Thoughts on long term appreciation in this pocket?
Mark Luchsinger
Salt Lake City - The Next Austin?
Hello,Mark Luchsinger here. I work mainly in the Salt Lake City and Park City areas in Utah. I'm from Lubbock, TX. I moved here a year ago from Albuquerque, NM. I started my real estate career in multi-family in ...
John De angelis
Want to cancel a Contract to sell a four familiy in New Jersey
I went into contract on a four family property about a month ago with a scheduled close this week.As a seller I have been struggling with this contract, since I had never sold a multifamily and quite frankly cut mysel...
Oliver Martin
Should I sell? Vegas
Bought the house in 2012. Remaining balance is 250k on a 3.25% FHA loan, eligible for pmi cancellation in 2 years . Mortgage is $1670/mo including pmi. In two years, mortgage may lower to around $1300 after pmi cancel...
Michael Renna
Trying to anticipate the market - Dangerous?
Hi All,
My hometown of Austin Texas is in a huge growth cycle. The home prices could be argued to be overvalued, so I wanted to look at alternative nearby towns. I came across Bastrop, TX. I found a charmi...