Steve S.
Looking into a commercial loan. How is balloon payment handled?
I can work with the higher interest rate and try to find deals that fit the added expense, but if you do a CL on a 20 year amor with a 10 year balloon, how do most people handle this?1) do they simply save up the case...
Jay R.
Tenant Not Responding To Phone Calls??
Hello All,To make a long story short. I recently purchased a three family house which I plan to house hack. I also inherited 3 tenants with this purchase. Upon purchasing the home I decided to give a 30 day notice to ...
Dave S.
Selling property to a tenant - Good Idea?
First off let me give you some background of the situation. I purchased the property for about $70K and owe about $50K with monthly mortgage payments of about $280. I inherited the tenant from the previous owner and s...
Gillian Perkins
Newbie Investor to Stockton, Tracy, Bay Area, Ca
Hello BP!My name is Gillian (pronounced Jillian) and I was born and raised in the East Bay. My partner and I have been studying the market (including lots of browsing on BP) for the past couple months we have yet to m...
Account Closed
Banks, and Designers, and Bears....
Actually, just banks and designers.I found a good lot and I'm building a duplex. I had a great conversation with a builder who was willing to give me a ballpark estimate of construction costs that sounded fairly reas...
Alleigh Follett
DSCR Cash Out?
So if we purchase a house at auction with cash, can we immediately refinance into a DSCR loan to get our cash back out?
Ryan C.
How much to leverage when refinancing ?
I hope I posted this to the right forum?!?! I purchased a duplex for $165k several years ago and owe 136k on it. I current collect $2050 in total rents. I cash flow around $800. The property is valued at around 300k. ...
Matt Rasich
Do I need a plumber?
I was hoping to fix this issue myself but I don't know where to start. Pictured is my basement drain overflowing with water - it only happens when the washer machine is draining into the sink. I have no problem when I...
John Thedford
Leaking Roof-Roofer Offers Metal Roof Over Existing Shingles?
Got that call we all love..."Hello John, there is water coming in all over the house. The ceiling is falling. There is water rolling down the walls. it has only been going on a couple of days so..I decided to call you...
Kevin Hamblin
Avoid Limiting Your Buying and Selling Options. There are hundreds of ways to purchase Properties. Your Exit Strategy Depends on HOW You Purchase it
Be Careful of the advice you get from people on BP. There are hundreds of ways to purchase and sell a home.If you are buying the home to live in. That opens up a lot more opportunities than if you are purchasing it ...