I'm interested in different perspectives on cash out refinances on rentals. Generally speaking, do you cash out as much as the bank will allow, or do you leave some equity in the property above and beyond the 20% or ...
Hi. I have 4 rental properties financed through a niche lender. The rate is high, and I want to do a no cash out refinance to lower the rate. I’ve had the properties over a year, they are all at or below 70% LTV, I ha...
Hello everyone,I just wanted to share some of the difficulties I am encountering in obtaining home insurance estimates. I've e-mailed about 10 different insurance agents last Sunday and only 1 got back to me. She prom...
Can I use 7% interest as a conservative number to figure out my mortgage payments? If i got $1,000,000 Lent to me. I would pay 70k in mortgage payments per year
I found this article interesting as I have been involved in title claims on numerous occassions. In this case, because the bank handled the recording of the mortgage and the bank was careless in its process they denie...
Hey! I own and manage about to be 13 short term rentals. I have always managed the entire operation myself as most processes are automated. As we are continuing to scale, I am trying to unplug from guest communicat...
I’ve been tinkering with the correct approach to renting bedrooms in Austin. First I tried to rent unfurnished rooms on a year lease but didn’t get much interest. I then furnished the rooms and offered shorter term le...
Hello all,
I'm just starting out on this journey. I'm 24 and still in the "learning stage" but want to move forward on my first purchase in the next ~12 months. I want to narrow in on using the BRRRR strategy, but tu...
Hello BP community, I'm planning to do my first flip. Question is about the insurances?Do I need to get one for the house during the rehab process? Does every one does it? how common is itAbout my GC. Does he needs to...
We are ready to borrow from private lenders who have agreed to work with us. We need a contract to borrow the money and to lay out the terms of the loans. Is there a template on BP? I looked but did not find one. Or w...