I am looking to get a rental property that cost 150k, putting 25% down. Using a 30 year fixed, I can either pay an interest rate of 4.5%, or I can pay 2 points and get a rate of 3.85%. Is it worth it to pay the points...
My house by is worth roughly $385,000 i owe $233,000 on the loan. I bought the house in March, 2015. So if i were to sell the property today then my capital gain would be roughly $152,000. I lived in this house as my ...
I know that I should be close to hospitals and potentially OSU. I could use help narrowing my focus to what is more likely to be successful.
-What is the minimum class of neighborhood I should consider?
-I was plann...
Hello BP members!I've listened, read and debated a lot of material about using retirements funds in a self-directed IRA to invest in real estate. The rules seem really cumbersome and complicated, and since I'm still f...
I’m looking at multi family homes in the upcoming Worcester, Ma area and I’m finding a lot of seemingly slim margins looking at 3 unit properties. Unfortunately, Massachusetts is one of the priciest areas to buy house...
Hi,
I am looking at a four unit property which was built in 1926. The owner furnished the following:
Sell price 130,000
Rent- 23640
Operating Expense- 11315 - (Gas 3852, electric - 4260 Tax and Insurance 3200)
Net ...
Hi all-
I need some advice from the BP hive brain. I am currently going through a divorce and trying to figure out whether I should keep our house or sell it. It's a four bedroom/three bathroom SFH in the Denver are...
I have both sides of a twin that I have owned for about 3 years now. They are rough to say the least. In a rough area, in rough condition, low income tenants that don't take good care of the property. All in all it's ...
I am looking at deals tonight and see tons of 2B/1B SFH properties that provide a solid return and I felt 3B/1B properties may be more attractive to a long term tenant. Does anyone have any insight on which they prefe...
Here is a lesson to keep on the lookout for leads no matter where they come from.I was giving away some things on Freecycle. (If anyone does not know what that it, it's a bulletin board to give away things to "recycl...