Madhu Kumar
Appraisal came low after the home improvements are done
Hi,This was my first question in BP community. Googled a lot but did not find an answer. And here I am trying my luck.I bought my first rental SFR property for 35k, put in another 15k of rehab work into it. The place ...
Marylin OShea
Pay off loan before 30 year vs. invest money elsewhere?
I'm working on my first deal, due to close May 12. Got a 30-year loan, and I am interested in paying it off sooner (I chose 30 over 15 to have the flexibility). My strategy is to buy & hold.Now, I'm trying to figu...
Bryan Blancke
30yr vs 15yr fixed conventional mortgages
I plan to build a portfolio in cities near Royal Oak Michigan for cash flow and equity with a buy and hold strategy focused on small multifamily units. I work as an engineer with a stable salary and I am planning to f...
Lynn Bailey
Inherited Home & Land
Hey BP! I recently inherited a property that I plan to rent out -- no mortgage, but the house needs some work. It's a 1950s SFH...kitchen cabinets & countertops need to be updated. Not sure what to do about wood p...
Christian Barth
crunching the numbers
Hi my name is Christian I am 21 years old from Minnesota. Im new to the site and to the world of real estate investing. How do I put numbers together to see if a property would be a good investment? Im in school for c...
Phillippa Gilkes
Question on short sale ?
How long does it that to do a short sale. I’ve never done it before. I’m a wholesaler and I’m wondering what is the correct way to handle this so it beneficial to me as well.
Ivan Jouikov
Why do interest rates go up when economy expands?
This has been on my mind for a while.
If economy is expanding, shouldn't there be more money flowing around, hence more people with money, hence more competition in the private lending arena?
Now I understand that t...
Jerry Puckett
how do I price a duplex with no comps
Hi everyone,
I have a motivated seller looking to sell his duplex, but I can find no comps for the area. There are maybe 3 other duplexes within a mile, but no one has sold in years. Could someone please share with me...
Elizabeth O.
Looking to do a cash out refi on my 5th conventional loan
I currently have 5 conventional loans; one on my primary and 4 rentals. I am looking to do a cash out refi on one of my rentals. Bought for 100k and its worth 140. I put 20% down. Any lenders able to help me out an...
Jeff Plotkin
Major rehab needed. Is this worth it?
Just got an offer accepted on a house for $90k purchase price in cash. The comps support an ARV of $170k. I expect the rehab to cost between $40k-$50k and there will be some difficult repairs. Is a major project worth...