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Getting ready to buy a multifamily - loan will have a prepayment penalty - bank has offer me two options: 1- declining term option (5%, 4%, 3%, 2%, 1%, 0%). 2- treasury yield (basically it takes the rate you lock in ...
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HiI am looking for my first rental property. I have an agent and hes looking at 3 family houses in an old New England mill city. He found a good house for a good price. But the house is set back behind two houses. T...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $49,500
Cash invested: $46,500
Sale price: $110,000
This was my first real estate deal other than my primary re...
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I have a client in Houston, Texas area that owns two piece of land. One raw land and one land with a property on it producing $3K/month. She's looking to do a cash out refi on one land appraised at $1.1M with a $77K m...
Thinking of buying vacation rental property, should I buy bow with 20% down and get the machine running with no potential profit or buy a year later and put 60% down and make profit immediately?
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I'm getting myself familiar with vetting and underwriting notes, does anyone have any tips on what to look out for?Thanks for your time and help!
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My Fiancé and I went to Las Vegas earlier this year. We had a great time but also was roped in by one of the “time share hunters”, as I call them. We realize we made a mistake and have been paying this thing for 8 mon...
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Hello BP community,I'm a newbie to the forum and getting back into multi-family investing after a long hiatus. The condo conversion concept is intriguing and not difficult to do here in Texas from a legal perspective....
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We have the opportunity to purchase a five plex built in the 1940’s for 230k. They pull $2450/month in rent but the landlord pays water and heat. Taxes are $300/month. Two units have new windows, two units need new w...
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Tomorrow is the inspection for a 20 unit apartment complex I'm purchasing, I'll be walking through the units along with the inspector. My previous deals were commercial office space/building 4 townhomes; I haven't pre...