Shane Mcc
Is my analysis of this multi-family property correct?
Asking Price: $325,0006 UnitsUnit Type: 4 two bedrooms, 2 three bedrooms. Monthly gross $3945.00. Which seems low but I got off the phone with the realtor and this is what he tells me. Asking price: $325,000Down payme...
Sean O'Brien
$4,300 water bill... Any help would be appreicated
Hey everyone, I've had properties for about 5 years now and have never had this happen to me before. We were charged $4,300 for ONE MONTH of water bills when historically the bill was about $100. There were no leaks, ...
Ernie Hogue
How are option fees taxed?
Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...
Account Closed
quick question on refinancing and loans on cheap houses
Hi all,I was recently contacted about a house for sale in the Ohio region. The numbers show that it would cashflow, but a couple interesting things got brought up. The house is only 52,000 dollars. I could buy it o...
Wendy S.
Incorrect Refinance check
Good day BP Nation.So some of you might remember a whole back I asked for your help to chose between a HELOC and Refi. Based on my time line to sell the property @Chris Mason suggested a HELOC. Unfortunately my lender...
Sam Shin
POLL: Refi at 4.125% or 3.25%
I got a couple of quotes from my mortgage broker on a refinance to go from my current non-VA ARM mortgage at 4.25% to a VA 30-yr conventional at:4.125% interest with 2.83% credit or,3.25% interest with 0.983 credit.My...
Anthony Katsonis
Made over 100k on this Live-In Flip
Investment Info:Single-family residence fix & flip investment.
Purchase price: $259,000 Cash invested: $17,000 Sale price: $390,000Live-In Flip.What made you interested in investing in this type of deal...
Mustafa Mo
Could not find a fixed rate HELOC for a rental?
I’m trying to shop for a fixed rate HELOC for a rental property I own. All what I found either a equity loan with a fixed rate, others offer a variable rate with the option to lock it in 3 times during the life of the...
Johnny Weekend
4.75% loan on SFH with 20% down, good or can do better?
Hi everyone,I am trying to see if this rate is decent or if someone has recommendations for lenders.75k purchase price in Ohio on single family houseChecked with 5/3 bank:20% down = 4.75% with 1.5 points. Fixed 30 yea...
Benjamin Seibert
Multifamily Loans and Refinancing
I am shopping around for refinancing on a duplex I own. However, after calling almost a dozen banks none will lend greater than 70% LTV other than a commercial loan. My only worry with a commercial loan is that its a ...