Deal analysis: 5 duplexes for 157k each. Market value on each is 185k. I have a line of credit I can use for the down payment. However, using that neutralizes the cash flow. I was thinking of asking for an interest on...
I created a spreadsheet using the formulas recommended by BP and I am having a really hard time to find a deal that meets the $100 per door cash flow criteria for a buy and hold property. I am primarily looking into ...
Hey all - I hope all is well with everyone and the family =) ! I am in a difficult situation, hope you all can help with this tough question, SHOULD I DO A CASH-OUT REFINANCE NOW OR A LATER DATE WHEN I NEED THE CASH F...
Hi,
Would a 250,000 loan be considered a commercial loan on a six family apartment house ? Thanks for your time.
Hi BP community. My wife and I are considering a cash out refinance of our first rental we purchased in 2014 in order to help us purchase an additional property, I'm Looking for advice. Here is what the mortgage on th...
Hi mortgage pros,
I bought my first fixer-upper with cash, now that the remodel is nearly complete, I'm looking to get a mortgage on the house. I'm wondering if cash reserve requirements apply to me? Once the...
Hi everyone! I'm in the process of searching for my 1st investment property. After researching South Jersey and Philly I decided to shift my focus on the Trenton, NJ area because it looks as if I can get a good monthl...
Can I ask Why a cash out refi is better than a Heloc when u can pull out up to a 100% on some Helocs and a cash out only gets u 75%. Please lmk what the benefit of the cash out is over the Heloc since u can still pay ...
In Turner's book, he talks about four plans an investor can take. They're very detailed and can be modified. This is my version year to year and I would appreciate any feedback.Overview: - End Goal: 100 tenants and th...
I commonly see people mention cashflow in dollar amount i.e $500 a month as a measure of how successful the property is as a producer. What I am looking for, is more clarification on what % cash flow relative to total...