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Lease option on a duplex
Hello BP members,We are looking for some advice on doing a lease option on a duplex. The seller is motivated (burned out landlord), just not sure yet how motivated. The asking price on the property is $54,000 (just re...
Dustin DuFault
Deal Structure Advice When You Have Multiple Investors Lending On One Property
Good afternoon BP!I have two investors (one family, one friend) who would like to fund a flip I have under contract via notes @ 10% interest.What is the best way to structure these deals when you have multiple investo...
Daniel Okon
How to know a duplex is a good deal?
I am starting looking at duplexes and I am just not finding very good value especially because I am planning on doing the FHA 3.5% down and live there for a year starting out. I have found many duplexes that are aroun...
Michael Iuculano
What is a bridge loan? A look at how it works.
What Is A Bridge Loan? A Look at How It Works.Buying a new house can be problematic for people with existing homes that have not yet sold. This is because money from the sale of the old home might be necessary to put ...
Kevin Hunter
Pay down traditional mortgage or HELOC
I am focusing on two of my properties in this question. In property #1, the house is worth 180K, I owe 125K. I have a 15 year fixed rate of 3.625%. In property #2, the house is worth 375K. I have two loans on it, ...
Asim G.
Financing and Holding Multiple SFRs
Hi,I had a question about financing and acquiring multiple SFRs as buy and holds. Currently we (Me + Wife) own two properties. One of them is our primary residence and both of us are on the loan for the property. The ...
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Call Homeowner directly vs working through listing agent
There is a single family home listed on the MLS that is a great candidate for seller financing. The homeowners are absentee owners who purchased the home for 33k in 1995.My question is: What route should I take to wor...
David Katz
When to Pay Down Mortgage Principal Early?
Recently purchased my first turnkey rental and started making payments on the mortgage. Mortgage is about $134,000 at a rate of 4.875%. The property has a positive monthly cashflow of about $300 before factoring in ...
Matt Rose
My area has a population of 40ish+% people renting
This may sound like a silly question but bear with me as I am a new investor who is saving for his first rental property (targeted 2021). If my area has a high rental rate vs buy rate how does that impact me as somebo...
Gregory Anderson Sr
Closed my first deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lima.
Purchase price: $50,000
Cash invested: $17,000
Two family Dwelling, Currently 1unit rented
What made you in...