Wondering if anyone has been in this situation and can shed some light on this scenario:
Term is 2 years.
The upfront amount for the option contract is $10,000.
Monthly rent is $3000 which is about $300 above fair ...

I am currently in the process of buying two homes in Northern NJ and am financing through a hard money lender.  Is it custom to pay an application fee of close to $1000 per loan?  Are there any suggestions of lenders ...

Hi Everyone,This will be my first rental property, investing 35k for a 1k/month rental income. Please help guide me on the following questions1.  I will buy cash, and plan to refinance as early as possible. Should I b...

Two years ago, I received maybe one or two generic letters a month from wholesalers asking if I wanted to sell one of my rental properties.  Each address would generate a postcard to my mailbox.During the last year, I...

Hi friends,Hope you’re all well during COVID. I’m looking to make my next move and need your advice.My 1st and only property I’ve owned since 2012 I bought for 120,000 in Downtown Orlando Fl, I owe 76,000.  It’s rente...

Hello BP community, My name's Terence (Terry) Eng I'm a software engineer by day and I'm looking to join the ranks of the many successful BP members in this Real Estate game.  I've stumbled upon BP about 7 months ago ...

Hi all,I had a few questions about portfolio lenders. I have been looking to obtain financing and looked at a national portfolio lender. They say their rates start at about 6%. I found this hard to believe since rates...

Hi everyone! I've been told that your first property is the hardest and for me thats no exception, I want to make sure I do this right the first time. I just purchased my first home in February and I'm looking to make...

I am new to BP and I've been trying to absorb as much information as possible.  My family and I moved to a bigger house and rented the old one, about two years ago.  We've been extremely fortunate with our existing te...

Ok, so most properties have a price that makes sense. I wouldn’t try to talk anyone out of a deal with strong cash flow day 1, but the writing is on the wall, and real estate prices will be falling 1. Twice as many ...