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Hi all,
My name is Ken, born and raised in Miami, FL and recently moved to Ashburn, VA. I’m new to REI and looking forward to learning and connecting with people in the BP community!
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Nearly all of my rentals are financed with commercial loans that balloon in 7 years. I have a very good interest rate of 4.75% and with a 25 year amortization. All of these loans will balloon around the same time as...
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Asking Price: $325,0006 UnitsUnit Type: 4 two bedrooms, 2 three bedrooms. Monthly gross $3945.00. Which seems low but I got off the phone with the realtor and this is what he tells me. Asking price: $325,000Down payme...
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So I made some pretty bad decisions when I was 18 and got ahold of a credit card. I’m currently fixing it but if I wanna get started am I gonna have to wait for my score to rise. Below 600 currently what can I do to g...
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Starting a new lease for small house with old w/d in basement . If it breaks , I don’t want to replace it . Being that I’m renting the house out with a W/d , am I responsible to fix or replace ? How would I word it ...
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Whats the quick formula tom calculate monthly interest payments for a fixed rate mortgage? i.e. just to start with any total balance and quickly figure out what it would cost per month and/or per year with interest an...
We don’t have a lot of distressed homes in the area I live. Some need minor fix up’s when offering cash for homes under 200,000 how much on average will sellers discount their homes because it’s a cash offer.
I have 8k, I have no idea how to invest in multifamily. But, Im intersted in buying a multifamily with a FHA Loan. But my questions are..- Do you buy any multifamily? Or is there a math behind it?- Do you have to fix ...
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Greetings, BP!Through constant Google searches on various topics, I stumbled onto Bigger Pockets and have been hooked since. You can't learn to swim if you aren't in the water, so here we go.I became a landlord "by a...
New investor question: If I'm purchasing a 40K home as a rental property or flip that will require 10K worth of refurb, am I allowed to lump those two together and tell the bank that my total purchase will be 50K?...