Yandry Mastromihalis
Selling home to pay off debt!
Hi BP ! My husband and I are selling our primary residence to pay off all our bad debt and get started in realestate investing. We plan to rent for a year until we save up for a downpayment or buy cash. Should we get ...
Robert Carpenter
Hypothetical Subject To Deal
My seller has an FSBO house with an ARV of $530,000.He wants $520,000. He owes $290,000 with a payment of $2,400 PITI.He wants a Down Payment of $75,000 and a two year balloon.--------------------------------------...
Justin Cummings
BRRRR exit strategy or next steps?
Does anybody have an exit strategy for BRRRR setups?In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all ...
Jon Deavers
DIfference between cash flow and noi
Hello all,
I have a pretty basic question but couldn't find a concise answer posted.
What's the difference between net operating income and cash flow (as used in an REI context)?
My understanding ...
Benjamin Riehle
5-Year Plan to Build Massive Wealth
The average homeowner has a net worth that is 44 times higher than someone who rents. Would it be life changing if five years from now you had built a portfolio of 3 investment properties? Have you thought about how t...
Paul Amegatcher
Owner wants me to take over his payments - Is this a Deal.
Need some advice from the group. I was offered a home by an owner that no longer wants the house. He still has a mortgage on the home. The original loan amount was for 70k about 10 years ago but the home is probably w...
Ryan Wright
Debt-to-Income (DTI) Ratio
Hello everyone. This is my first post to BP, and I have a question about DTI. I'm have a job that's higher paying than the one I will be going to, and my current DTI is low given I have a high-paying job, but my DTI w...
Angel Morales
Owner financing for fix and flip properties
Hello everyone!While listening to podcast #283 (which you should listen to in case you haven't), Paul mentions that when he wants to buy a house, he sends the homeowner a three-option letter of intent with the followi...
Adam Mittermeier
Should I use a LOC for my first few investments?
I am very new to investing so I am learning a lot. So my question I have is would it be possible for me to get a LOC (line of credit) with my local bank and then use it for down payments on my properties I want to inv...
Aaron B.
Northen Virginia Home Rent vs Sale?
I am a new investor and am looking to invest in buy and hold out of State (turnkey). My work keeps me out of area so we rented our primary residence in Great Falls, no not the swank part of Great Falls. I felt fortun...