Kenneth Peagler
Is it better to rent, sell, or both?
I inherited a property with a ridiculous amount of equity in a nice area. Would it make sense to just rent it out and refinance or sell it and try to buy a 3-4plex which more cash out and leverage? House has no mort...
Will Stewart
Analysis shows positive monthly cash flow but a negative 50% rule
Can someone explain this like I am 5? So in the analysis of this property, it shows a positive cash flow of around $300 a month. However, when I look at the 50% rule at the bottom of the analysis it shows a negative c...
Seth Alexanderowicz
Just put a offer in on a muiltifamily property. Tips and sugges?
Listing price 280,000Offer 295,000Average market rent 1400-1500Income 2800Expenses. 1400 Mortgage. 450 property tax. 200 insurance. 35 water. 100 vacancies. 200 repairs. Total = 2350-2400.est monthly expenses. Convent...
Jordan Roberts
Joe Biden Tax Credit Strategy
Ok, so this may be a long lead up, but I'm explaining the whole strategy here. I posted yesterday another topic asking about how cool banks are with letting your primary house sit vacant for 1 year, then using it as a...
Josh Sanders
Are my cash flow calculations accurate?
Hi all, Im trying to see how much cash flow I would have if I'd finance 100% of the property. In other words, the 20% required for the down payment of the property comes from a conventional loan. Thing is, I've nev...
Andy D.
Strategy question on cash-out refi for several properties
Hello BP world!Looking for some input on 2 aspects: let's assume I have 2 Condos held in my own name where I want to do a cash-out refi (conventional/conforming) to use that cash to buy more properties.Current cash fl...
Jeremy Bernard
Deal analysis in Kelso, Wa
So I was cruising around craigslist the other day, I saw this posting it appears to be 6 units on I think 2 lots. The poster included the current rent totaling 4275 of income. Asking price of 550k, I think he included...
Account Closed
Anyone own a Condel-tel in Las Vegas. MGM Signature, Palms Place
Ez to get tenants @ $1600 plus per month for a studio unit? I see very few for rent on the website like craiglist and airbnb.Seems those that buy use em as vacation home(unit kept vacant when not in use) or keep them...
Andrew Powers
House Hack in Metro Detroit - Completed
Investment Info:
Single-family residence buy & hold investment in Royal Oak.
Purchase price: $120,000
Cash invested: $20,000
This is my first investment property. In 2019 I bought a large singl...
Nick Burns
Who knows how to finance this deal?
PP: $300,000FMV: $350,000Property details: Year round 3-unit with 3 seasonal cabins in Old Orchard Beach, Maine. Old Orchard Beach is a heavy tourism town with several colleges near by. The property is one bloc...