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...
Pay cash for an investment or finance it? A few weeks ago, I saw a discussion on Facebook that asked the age old question, is it better to purchase an investment with a mortgage or all cash? I decided I should ...
Car payments, phone payments, daycare payments, energy payments....all come once a month. i am personally conditioned to live on a monthly budget. it comforts me. i never understood why somebody would increase the...
Hello, my name is David and recently I’ve been drawn to the idea of house hacking. After doing some research in my area the cash flow analysis does not seem to be profitable. For example, duplexes are ranging from $24...
I will be buying my 1st 2 MF with a VA NO MONEY DOWN LOAN as a 100% Disabled Veteran ... ( will have 6 months reserve in bank for mortgage pymts, and $15k for unexpected major repairs )
What should be reasonable go...