John Kedziora Jr
First rental questions
Hello everyone.I am in the process of getting my first rental and I have some questions.I want to open a checking account for each property I get. Should I get a savings account too?Once the checking account gets over...
Jose Sandoval
First property rented. Now what?
I just signed a one year lease on my first rental property. Should I save the income for future expenses aka reserves or reinvest?
Andrew Ramler
Using my license to put less down?
Hey folks,
I am about to put an offer on an off market fourplex in Dallas. I have my real estate license and I am thinking that once we come to a agreed purchase price I will ask if he will raise the price...
Joel Hutchinson
Are these terms reasonable for borrowing against rental property?
For rental property held free and clear with tenants in place, does anyone know if the following terms reasonable?
- interest rate of between 5.5% and 7% based on your credit score, loan to value, loan amount and th...
Adrien Salvador
3rd Property closed in 6 months using my Mother's FHA Loan
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $480,000
Cash invested: $67,000
Retirement Home / Appreciation Play Home
What better way to be in love wit...
Warren Howell
Financing an ADU (Apartment over Garage)
Quick story to get you up to speed. My Wife and I have finally rented our townhome as our first property. We moved into my mother-in-laws walkout basement, not before completely gutting it and adding a kitchen. So we ...
Kerry Boyle
Fix and Flip question...
Theory question here, curious as to everyone's thoughts.$155,000 purchase; $50,000 rehab; $350,000 ARV.Would you rather: A: Fund the entire thing on your own, $205,000 + $3,000 closing costs.B: Pay 7% I/O, and put dow...
Jay Hinrichs
BP community let me know if you think this is a legit lender
I got this in my inbox on BP would you respond to this and think this could be what your looking for in a private lender.???Hello,Have you been searching for a legitimate loan from a private lender with no success?Se...
Joseph H.
Low loan amount refinance
I am looking at a property that is being sold for $34,900 and it needs around $6,000 in rehab. T estimates ARV for $50,000, but where it makes up for a low value is in renting. It has a 48% cash flow every month. Can ...
Taylor Shields
?Awesome Case Study: How would you negotiate this deal?
5,000 sqft lot, 1,000 sqft house. 3 bed 1 bath. High density zoning, able to build apartments or condos. ARV for comparable development projects 1,400,000.The initial strategy was to take the existing loan sub-to ($16...