Melissa Dwiggins
Is my loan rate too high?
My husband and I are currently under contract on our second buy and hold investment property. The purchase price is $68,000 and we are using a conventional loan with 20-25%. The rate we have been given is 5.8%. Lender...
Brittany Goree
HELOC Advice for capital
Im fairly new to all of this real estate investing but have been researching for almost a year and have been on BP for about a month. I think I can get some capital to start my first deal through my home I own with a ...
Quanterrio Littleton
Free and Clear duplex needs loan for repairs, what are my options
Got a duplex that is paid for free and clear. It needs some repairs before renting and I need to leverage it for about 10,000. How do I leverage it for the repairs? I assume it is worth about 25,000 as is and about 40...
Lois S.
How long does ex-tenant have to file a SD claim in court?
If departed tenant decides to sue in small claims over their SD return, how long do they have to file that claim?Tenant has not cashed the SD return check yet.
Paul Winka
What interest rate for this land contract?
I am selling a SFH on 15% down land contract carried for 2.5 years with a starting balance of ~$34K, 15-year amortization with balloon. This is my first land contract. I'll have an attorney guide me through the first ...
Chris Schlechta
Help structuring wholesale deal
Greetings, We are working with a new wholesaler and trying to structure an assignment of contract (our first purchase from a wholesaler). The current contract the wholesaler has is not assignable, however he will cor...
John Collins
Weekly mortgage applications sink nearly 18%
https://www.cnbc.com/2020/04/08/weekly-mortgage-applications-sink-as-coronavirus-sets-back-homebuyers.html
Consumers are fast losing confidence in this spring housing market, given the economic upheaval from the co...
John Zoumboulis
CARES Act take 100k for BRRR?
I have 2 properties in mind hard to pass up can purchase with 100k. Do a hardship withdrawal pay it back within the 3 years or loan within 5 years but with the loan a lot of cash would come out of my paycheck weekly. ...
Bruce P.
What key financial metrics (and values) for evaluating tenants?
Hi BP,Was chatting with a friend, and was wondering what key financial metrics (and what minimum numerical scores/values would you accept) would you use for evaluating whether tenants would be good renters for your pr...
Kumar Gaurav
Confused while shopping for HELOC!
The concept of HELOC is new to me but I learnt this can be secondary lien that gives an opportunity to pay off loan quickly. I am shopping around but having a hard time to compare and contrast since the product is not...