Jim Kohlman
Refinance before converting residence to a rental property?
I currently live in a condo that has a loan balance of approximately $46,000 with a value of approximately $80,000 (realistic current market value). The loan is a 7/1 ARM at 5.125% which I got in 2004, so it will ad...
Jim Kohlman
Refi before converting residence to a rental property?
I currently live in a condo that has a loan balance of approximately $46,000 with a value of approximately $80,000 (realistic current market value). The loan is a 7/1 ARM at 5.125% which I got in 2004, so it will adju...
Account Closed
Wholesale deal...HELP!
Hi everyone! Quick question...well maybe not so quick...Is it possible to wholesale a house with the current tenants there? Can you just go in and inspectthe property (announced of course)? If sold will the tenants ne...
Bobby Jobs
How to structure a Buy and Hold Appreciation Type Deal
Hello BP,I have a potential deal with a seller that has a 3 BR 1 Bath ranch in Roseville MI. The house is 1050 sq ft, sits on a crawl and has no garage. It was built in 2004 in an area where most houses were built in ...
Jesse Glenn
Air bnb insurance w hail damage deductibles
Currently dealing with Colorado Springs insurance companies changing their policies in regards to hail damage. Does anyone use an insurance company in El Paso county/Colorado Springs that has fixed prices for hail da...
Milan Patel
Insurance for out of state rental properties
Hi, I just bought my first rental property. This property is located in Georgia. I am currently living in Illinois. How do you handle insurance for out of the state rental property? Do you use same company like your h...
Doanh Mai
Upgrade our primary residence, sell now , rent and wait to buy?
Hi all,
We have a family with 3 growing boys and feel that our current home needs to be bigger. With the current market, it’s hard to make an offer with contingent to sell our own home. And with COVID-19 situation, ...
Jacqueline Chavarro
Anxious for next investment- NYC
Background: Currently house hacking first 2 family in Bushwick in 2012. I rent both floors. Info as follows:
Purchase price: $440k with 40K down
Current Principal Balance $330,369.37
Current Interest Rate 4.125%
M...
Shayne Skeans
New Member Introduction
Hello everyone my name is Shayne and I'm from Michigans rural Upper Peninsula. I'm not currently a real estate investor but have been ravenously reading any book related to the subject I can get my hands on and prepa...
Andrew S.
Refi - cash out or lower payment?
Happy Monday BP,
I'm doing a refi on my house hack duplex from 4.75% to 3.125%. I have it currently setup to get ~$2k cash back at closing. I'm debating just changing the loan amount down $2k so I don't get any cash ...