Brendan Novisky
Help with quick analysis of 4-plex
I am looking at purchasing a 4-unit in Franklin county, OH and am looking for some other perspectives prior to putting in an offer. The details I know are:Purchase Price: $289,000Rents: range between $790-$875 (have n...
Ericka G.
Sell or Hold? Cold Feet, Need Advice...
Hey everyone,This is my first post, though I've been reading this blog, MMM, and Afford Anything for a quite a while now.Here's the situation: I purchased a lovely property in south Harlem when I was 24, lived there a...
Jim Macedon
How Much Debt is Too Much... Or Not Enough?
I'm pondering my next move. I just took on a lot of debt. On the other hand, I have some equity I could access. Not sure whether to:A. Reduce debt.B. Stand pat on debt and wait to build up another down payment.C. A...
Michael King
Is it worth paying for points?
I'm finalizing the loan for a 4plex. The loan is 30 years for $240K and the quoted rate is 5.125%. I can buy it down to 5% for $1013, or 4.875% for $1644.
If I buy it down to 5% I save $25 in interest per month. It w...
Stephen K.
Short Term Rental, Long Term Rental, or sell?
Hey all, its been a while but I have been diving deep into the BiggerPockets podcast again and re-reading the REI books I've bought now that my wife and I are in a better position to begin planning out our investment ...
Mike Morrell
What to build? Duplex? Triplex? Quadplex?
I purchased some land last year in Rock Hill, SC that I am building my personal home on, and I was also able to subdivide off 4 one acre lots. The zoning on these lots allows for SFH, Duplex, Tri, or Quad and I was t...
Ran Iarovich
Interest rates have just increased to 7%. How have your real estate plans change?
With recent issues with the debt ceiling and summer market coming up. We've been through many fluctuations since the start of 2022. To the Bigger Pocket community - are you doing anything different this year due to th...
Ali Radhi
Need Advice - Trouble Pulling Out Equity
BP Community,Hope you're all doing well. I'm currently having some financing challenges and figured this would be the best place to ask for advice / opinions. Here's the scenario: My father is currently retired and ow...
N/A N/A
Not much cash, but decent equity and perfect credit
Hello everyone-
I've been in my condo for a little over two years now and after some modest improvements, I'm very sure I have $50,000 or so in equity. I also have a FICO score that teeters around 800, but my proble...
Brandon Addison
Refinance Strategy
Hello BP forum!I'm beginning the process of exploring real estate investment as a means to create passive income, but I'm currently in the researching phase. In attempting to learn about broader investment principles...