Saravanan Varadan
Payoff investment property?
I have an investment property (thats rented out) that I am paying monthly mortgage on. I still have ~60% loan left the property. I now got cash that could payoff 20% off the loan. Is it wise to close the loan or use t...
Tim Callahan
Looking for advice on my next move (buying rentals in other markets?)
Hey everyone,So far, we have completed 3 rehab projects in the past 2 years locally in Southern Maine, and I find myself being burnt out because my partner and I have done a lot of the work ourselves to save money. I...
Derek P.
Build reserves, buy next house or pay down debt?
I just recently purchased my 4th multi-family property this summer and now I am debating what my next step should be. My current goal is to reach 8k/month in cash flow. Here are my options as I see them.
1) Build up...
David Jackson
Tenants Evicted with unpaid rent of 2 months
So tenants have been evicted. I have the judgement for the last FTPR which proves unpaid rent of 2 months. The question is, can i start the process of garnishment using that judgement and on a side i file for a large ...
Marc C.
Are the interest rate increases make you change your underwriting
Residential interest rates have risen about .5% since the election. Now I've noticed they are up about .25% on commercial/apartment loans as well. http://www.crefcoa.com/apartment-rates-main.htmlThe strong stock marke...
Ali Clark
Refinancing an Owner Financed 8 Unit property
Hi all,I’ll save you the details of why the property I am looking at works and get to the point. This is my first post so forgive me if I am not following the usual conventions or standards but I think I woke up with ...
Scott Ewell
Debt or debt free?
just wanting to get BP people's opinion on what way is the best route to go with regards to buying RE with leveraging or getting properties paid off as soon as possible and why?I currently have two SF rentals and my g...
Matthew Miller
Sell or Continue to House Hack
I bought a house in Oakland CA for $645,000 in February of 2017. I’ve spent $50,000 on capital improvements (rental studio attached to house, new deck and kitchen on main house). The studio rents for $2000/mo. throug...
Joe Kessler
Refinancing a Primary Mortgage at 20% LTV
Hi all,I'm trying to wrap my head around what to do with my current primary mortgage. My wife and I have decided to pay down some debt while real estate prices around us continue to skyrocket and good deals remain so...
Paul Guetter
sell or hold onto current rental property? what do you think?
hello all, first post here. thanks in advance for reading further..In need of financial advice. My wife and I own two houses, the mortgage on each is roughly $3000/month. One we live in, one we rent as two separate ap...