Vi Prich
Selling rental to pay off primary
We purchased our primary residence about 1 yr ago and turned our other house into a rental. We are considering selling the rental to pay off our house.
here are the numbers:
Primary: mortgage 470k - 15 yr mortgage a...
Homa Teramu
HELOC vs Selling property
I have a SF property a property located in Silver Spring, MD. I purchased the property four years ago (04/2014) for $289,000 with FHA loan (house hacked for 3 years). In 02/2016 I refinanced the loan to 15 years @ 3.1...
Eric McArthur
27 year old male, 730 credit score, 40% DTI, first time home buyer
27 year old male, 730 credit score, 40% DTI, no student/car/medical debt, first time home buyer looking for estimated max loan amount
Hello,
I understand that this is a case by case question with many variables in...
Victor Chalouh
First time investor need some advice on down payment
Hi guys So I was reading a few forums and newbies just like me were asking if a property’s rent roll would cash flow positively based off of the mortgage price they’ll have to pay (the mortgage price with everything i...
Joe Einbinder
Income taxes on rental properties
How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
Randy Frederick
4-plex in Richmond, VA
Hello BPers!Need some help analyzing my first potential deal:It's a 4-plex in a burgeoning neighborhood in downtown Richmond, VA. Lots of development going on with associated gentrification. It is a newly constructed ...
Corwin Hernandez
What if I don't account for expenses?
Hello BP, I just love asking questions and getting people's insight. So I have a friend who I try to explain some real estate things and he had a question. Being on Bigger Pockets, I've learned that you put money away...
Nicholas Baughman
VA Interest Rate Reduction Loan (IRRL)
I just closed on a VA cash out refi in October, 2017. Does anyone know the soonest I can do a VA IRRL may be?
Karim Z.
HELOC to Finance a Rental Property ?
I have the option of using an already approved HELOC to finance a rental property, is it a good idea ? If yes, given that HELOC is considered like a "credit Card" and that you only pay interest on the amount used- ho...
John Gonzalez
First time poster-- Pls help with my deal analysis
Hi Guys/Gals, I am a new member that finally saved up for a year and have enough to get into a low DP property. I have a property in mind that has an asking price way higher than I think would be profitable but have f...