Doing a cash-out refi. The lender said terms would be more favorable with taxes/insurance put in escrow. Sounded good until the paperwork showed that 11 months of taxes and 10 months of insurance would be included in ...

First deal, I'm sure I made some mistake, thus the post!Duplex - C Neighborhood 40k - Purchase Price - 25% Down ~10k4k - Closing6k - Roof Repair1.7k - Misc Upfront repairsMonthly Expenses/IncomeUnit #1 -  $450 - Curre...

How's it going BP members ?

I'm trying to estimate what my monthly mortgage payment would be if I put 10k down on a 55k condo. Property taxes are about 1500 a year and the HOA fee is 150 per month. About how much wo...

Just wondering if anyone else keeps home warranties on their rental properties in order to keep repair cost to a minimum. Between appliances going out, minor plumbing issues, etc; paying a monthly premium and a $75 de...

Looking at picking up a single family home for rental. Foreclosure. Purchase price is looking to be in the $27,000-$29,000 Range. Roof is in need of replacement ($4-5,000) and could use some carpet replacement and ...

I would like to assign bank owed properties to my investors. How do I go about contacting the bank real estate department (navy federal) to purchase the property for a discount?

Hello everyone,I'm in the closing stages of purchasing my first investment property! Thanks to all of you who have helped me so far. It is much appreciated. I have a question on home insurance. Here is the link from w...

I don't know what forum would be best for this but I am hoping I can get some suggestions here.I have found a parcel with a home that has substantial fire damage. Owner owes somewhere around $115K on the home. Insuran...

Could someone give me an idea what types of expenses, other than repairs, that come with owning a rental property?   For example, is there home owner's insurance and how much is that a year?Also, is it better to have ...

I just put in an offer for an Amazing single family house! It's close to lots of shops/ restaurants and the freeway. I really hope I get this!!! Details:Market Value:$137,000 List Price:$125,900Offer:$120,000SF: 1,812...