Sindo Perez Esson
I have a quick question about my first buy
Hello, I'm a new member of BP from Miami. So yeah, about 3 months ago I started getting interested in real estate investing. I been trying to learn as much as possible these last three months. Today, I got pre-approve...
Ben Kirchner
HELOC repayment on adjustable interest rate?
I'm looking into taking out a HELOC for a future investment. I understand the HELOC fixed rate repayment (just like a mortgage). What I'm not sure I understand is the HELOC repayment process on a variable interest r...
Veronica Brock
Owner Finance Offer ~ Negotiation Advice
I have property listed for sale in Tennessee, $76K. It is improved land; there is no house. There is no mortgage.I have just received a verbal offer requesting owner financing. The offer is $72K with a $25K down pay...
Shannon Vistisen
HELOC or Cashout Refi?
I’m looking to purchase my first property this year. I was leaning towards a cashout refi due to the locked in interest rate. But am now wondering if a HELOC would be the better option. How much ch does the interest r...
David Chappell
Taxable Income higher than Cashflow?
Hi everyone, I am running the numbers on a potential property and Im making sure I am doing this correctly.Here are the #s, if these look right I am paying $803 in taxes on a property that Cash flows $1,574??
Gross...
Aaron Harren
Quick small multi family portfolio!
Sept 2018, bought my first duplex in for 95,000. Used HELOC for down payment remodeled the first floor right away and moved the tenants from upstairs to down stairs and raised there rent $100mo. Then I was able to cle...
Dwayne George
(Terrible) Offer to Rent to Own my Home
Hey BiggerPockets!My wife and I are in the process of selling our home. We have an offer (a terrible offer) to rent to own our home. The couple are moving here soon, and plan to have financing in place by February 2...
Johnnie Bembry
Hard money or ask for seller financing?
Hey everyone!
I'm currently looking at an out of state multi-family package that includes 3 triplexes and 1 duplex for a total of 11 units. The asking price is $327.6K for the entire package with a "little wiggle ro...
David Shamataylo
BRRRR deal advice using hard money
Hello everyone, I'm a new investor based out of Puyallup WA. I would like to see if I can get some advice on a BRRRR deal I will be closing on soon. Here are the numbers:
Purchase price: $350k
Rehab cost (2009 buil...
Brian Christensen
Contract section question...
I have a question about a section in my purchase and sales agreetment I plan on using.
It reads the following...
EXISTING MORTGAGE (s): Existing financing on subject property will be current in all payments of princ...