I have always lurked in the forums and articles of BP, this is my first post.I invest in single family in Mexico, specifically Cabo San Lucas and run them all as vacation rentals through Airbnb/ VRBO and some longer t...
Hi,
I am a Veteran but have a conventional mortgage of $55,000 on the house financed @ 5.5% for 10 years with $550 in payments - Taxes are $1800 and are not escrowed.
House is worth between $80,000 & $120,000. $2...
Good Afternoon BiggerPockets!I recently had someone I'm very close with approach me about the potential of becoming a private lender for me. He is a retired business owner, lives a very comfortable life from the proce...
I am a little unclear if a larger or smaller is better. When and how often should I use it, how to find rate not the % but actual rate. IE; 6.5%, 7.0% etc. Thank you
Does anyone have any good resources for determining the best method for structuring a deal to purchase a single family house. I have a decent understanding of flipping, wholesaling, lease option, sub2. But looking f...
We are Private Money Mortgage Lenders. We use a loan servicing software that has a monthly subscription. What are options for having our investors pay their share of this monthly fee? Thanks for any input.
There is a lack of new housing nationally… and this will not be fixed by our government or anyone else anytime soon. FYI: the median cost of a house in the U.S. is currently $263,000http://www.politico.com/agenda/stor...
Hey everyone!I'm making my first purchase on a "non-owner occupied" duplex in Central Indiana and the first mortgage company that I went to get pre-approved will only allow 25% down. Are there any lenders around the n...
Hello, The current asking price of a 22-unit complex is $1,200,000. The Yearly income is $147,204 and the expenses are $32,808(Insurance, Taxes, and Utilities). If I want to include a 10% vacancy($-14,720) and 10% r...
I'm currently in escrow for a property in southern California. I have two rental properties that I used an investment loan and an owner occupied loan to purchase in November 2018. Before I got my offer accepted for th...