Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
Hi bigger pocket,Hope someone can help with insights on the situation. I sold my precious business for 1.5M seller carry. Buyer made the down payment and is keep making monthly payment. Remaining balance is 1.2M payab...
Zachary McDonough
The most underrated asset class
Hey, guys! I am an agent-investor who often gets asked about the types of properties people should consider buying. Usually, I break down what a buy box is. In case you're not familiar, a buy box refers to your specif...
Lawrence Bustos
Cashout Refinance Charges
Hi all I’m new to BP and I’d like your input on my current scenario. 1.) I am getting rates on a cashout refinance LTV 95% 2.) Value of loan at closing will be $342k and cash out will be $148k. 3.) interest rate will ...
Dharmesh B.
How to analyze a deal for an office space
Hi,I came across a 2200 sq ft office space listed for $400k.It would be our first RE investment. Wondering how to analyze this deal. Here’s what I’m thinking- Calculate commercial loan terms- Add operating expenses- A...
Tim B
title opinion vs title insurance
I've used attorney title opinions instead of title insurance in the past - however buying a foreclosure I'm MORE concerned about undiscovered liens or clouds on the tile.
In Minnesota an opinion is a fraction of the ...
Nikki Anello
mortgage notes
Hello,
I am completely under with one of my personal properties and my attorney is saying that shortsaling is my only option. Then I had one of my realtor friends suggest that she have one of her investor fri...
Wes Eaves
Mortgage Note Question
I had a seller contact me that doesn't want to sell their house via a conventional retail listing on the MLS, but wants to sell to an investor because they want to rent the house back for a year after closing. The se...
Peter Tverdov
What would you want as a client gift from your PM?
Our company is going to send out a small client gift around the holidays as a way to say thank you. Open to ideas of what people would be happy to get from their property management company? Only thing I can think of ...
James Kim
2% cap on seller credit for qualifying loans
Hello,thank you in advance for your responses. My question is whether the 2% cap on seller credit applies to credits (rate buy down cost, closing costs etc) only applies when the credit is coming from the seller?Does ...
Paul M.
mortgage companies offering payoff at discount
I remember hearing stories from my finance professors about how when interest rates were high in 70s the banks would offer mortgage borrowers a chance to payoff their loan at a discount to the principal balance. Pre...