Account Closed
Lease Option question
Lease option includes what typically? Does the buyer pay insurance, taxes, maintenance, everything over $500 in expense etc. If there is a basic me mentor we are willing to pay for private lessons.
Alex Staunton
Loan for a 6 Family Rental Property? 15 year at 5.25%?
Hi, I'm currently under contract to purchase my first rental property, a 6 family in Asbury Park, NJ and I'm trying to secure a loan. Although I've looked (and made lots of offers), I didn't realize that it was a wh...
Tanya Brown
Please help me analyze this property
Hello,I am reworking the numbers on this one. It is a 5-plex and rents are below market value. Owner is currently paying water, sewer and garbage, but I excluded those expenses and instead will make that a fee for the...
Tim Budrick
Trying to Dump a SFR. Help!
I have a SFR house in a plighted neighborhood where the mortgage is more than what it's worth. I have rented it out for several years and made about 200/month on it. I currently do not have a renter in it and want t...
Sophie Mia
How quickly can you refinance (with new appraisal) after a property purchase?
Hi everyone,
Let's say I want to buy a property with the 3.5% down payment FHA program which would leave me with a large amount of mortgage insurance to pay every month.
If I buy the house under market ...
Darian Richardson
BRRRR: Refinancing Seller Finance Balloon Note
My Fellow BPERs and BRRRR Connoisseurs,I need your advice and expertise.Currently, I am looking into an off-market deal in Lawrenceville, Ga. The property is in need of repair ( roughly $22k in reno), with an ARV of $...
Andy Collins
When The Maintenance "Gremlins" Hit, They Really Hit!
I have 5 rentals that I have owned for several years now, all 'cash cows' throwing off money, with few maintenance problems.Since Christmas, I have had to replace the water heaters in 3 houses, had the blower motor an...
Craig Hanlon
CASHFLOW VS EQUITY
If your purchase earned you 20-30k In equity. Would you still consider purchase with a 6 percent return cash on cash. would be buy and hold property. just starting out here and not too much experience figuring out the...
Jeremy Hoffman
Approaching First Rental Purchase
Hello BiggerPockets,
My name is Jeremy, I am from the Pittsburgh, Pa. Area. The following post will be in regards to a property that I have analyzed for purchase and feedback would be greatly appreciated.
...
Tehseen Baweja
Help me analyze this duplex
All,As I embark on my journey to learn about REI, I was wondering if you guys can help me analyze some numbers. I am NOT planning to go forward with any deal right now but want to analyze as many as possible to learn....