Rich Rodman
What’s the real downside of a market crash?
Hey BP community!
I own a few units in Cleveland and live in San Francisco. I was rather young for the 2008 crash so I don’t have the hands on experience in a down market.
What is the realistic downside of a marke...
Joe Cassandra
Oil just closed at NEGATIVE $37 (bankruptcies ahead)
If you follow the financial market...Oil just closed at NEGATIVE $37. Meaning, oil producers are paying to have their oil taken off their hands. (just 7 years ago, oil cost over $100 per barrel)There are many people t...
Chris S.
Ottawa First Mortgage Opportunity Advice Needed
Hello Everyone, I am new to money lending (I have funded one mortgage so far) and I am trying to decide if I should proceed with a first mortgage opportunity.The property was appraised at $150,000 but the appraiser ma...
Christian Johnston
Bought a Triplex, now what? Solar in San Diego?
Hey BP! Thanks to BP and numerous books I finally felt confident enough to take the plunge and buy a triplex. Here is the post for context: https://www.biggerpockets.com/forums/850/topics/853758-san-diego-va-house-hac...
Will Carter
Where do you draw the line on cash flow with negative equity?
So I'm talking with an off market somewhat motivated seller (he wants to liquidate to fund one larger single project in cash, his own retirement community) about a 4 plex in a grade B- -ish neigborhood.I'll keep the a...
Bradley Shuhart
How much negative cash flow is too much
I have an opportunity to assume a loan at 2.5% in a HCOL SoCal community. Even at that rate I will still be losing about $800-$1000 per month with a renter due to HOA & Mello Roos. I'm ok with a negative cash fl...
Jim Goebel
The Next Big Short - imminent ?
Two articles of interest - one has to do with risk profile of underwater mortgages : literally underwater because of climate change impacts.https://www.reuters.com/article/us-climatechange-mortgages/citing-climate-ris...
V.G Jason
First REI Property
Investment Info:Dallas, TX quad-plex that needs reno on two of the units. Units A&B are 2br,1.5ba. Units C&D are 1br,1 ba. I believe this will be $750k+ property in the short term, at minimum.List Price: $645,...
Andrew Everett
Refi primary residence to turn into long term rental?
Hi BP - My primary residence is currently on year 3 of a 15yr mortgage at 3.125%. I'm looking to buy my next home which will be a non home sale contingent purchase. My question is whether it makes sense to refinance m...
Mary Jay
What reason is ok to use to refuse tenant in renting? (Is misdemeanor a good reason?)
Hi guys,What reason is ok to use to refuse tenant in renting? (Is misdemeanor a good reason?)State Florida...