Hi all! I'm in process of closing on a 96k rental property and trying to decide btw 15 and 30 year mortgage.  Below are numbers:Purchase price: 96,000Down payment: 20%Interest rate: 3.125% on 15 yr,  3.85 on 30 yrMont...

It seems that the general consensus for a rental property loan would be a 30 year loan, and I used to agree. The idea is that you can use the cash flow to pay the loan if you want to, or use it for a higher returning ...

Hello everyone, I am currently negotiating on buying a 2 unit property in my area. When I looked at both units, I asked the tenants in one of the unit on how long have they’ve been living there. They told me that the...

Hello! Well, this is a brain tickler. So we purchased a retail property at the end of 2022 with seller financing: 5 year term, 30 year amortization, 0% interest. Payments are $2k per month. Three year option to extend...

My tenant in one of my duplexes has a month to go and they haven’t paid rent. It’s a new story everyday. Already offered them cash to just give me the place back but they didn’t agree and confirmed the money order has...

Bought my home in 2016 for 79k. Made many updates including adding an apartment in basement which has been rented now for a little over a year. Had an appraisal for a cash-out refinance which came in at 185k. So only ...

I had a question on presenting a deal I have analyzed, using BP's calculators of course, to a potential lender. Is it a good or a bad idea to present more than one analysis on the same property? I currently save at le...

Hello,My name is Zafiris and I live in Athens, Greece. I am 32 years old, working as service engineer for petroleum industry. Me and my wife are just starting to invest in real estate.I have been following biggerpocke...

Hello everyone,
I have an apartment building deal that I would like some assistance structuring the 5% downpayment. This multi family property has a great cash flow and it is currently 97% occupied. But, I'l...

Hey all I'm in a bit of a sticky situation. I have a good paying W2 job(>$30/hr) as a poker dealer in Pittsburgh. I've been there approx 1 year. The problem is I only make $4.50/hr base pay and the rest is throu...