Jennifer Wright
Listing ethics, should I up the price?
We are rookies, who just listed our first rental. Only listed on one site, we had almost 15 people submit an application (with background checks and proof of income), and over 50 request a showing, in 24 hours. My que...
Austin Lewis
Looking for tips on analyzing properties
Hey guys, my wife and I are looking for our first investment property and we are having a hard time finding properties to meet our standards. Im looking for something that makes about 275+ a month in cash flow for aro...
Jason Cyphers
Refinance or Large Mortgage Payment?
The GF and I are looking to buy a house. She's already sold hers and plans to use the profits as down payment on a new house. After a few months, when I sell my current house, what would the best option be - Use the...
Brian Scott
Cost Segregation on a Personal to Rental Conversion
The tax publications say when converting a personal home to a rental, the basis is the lesser of the FMV or adjusted basis. 1. Is there any rule saying one couldn't do a cost segregation when converting, to bonus depr...
Mike Schorah
What are good financing terms for a cash out refinance?
My local credit union offers up to 75% LTV. They have 10, 15, 20, and 30 year loans. Anything above 10 years has a 12-year balloon payment. I can always refinance it. The rate is exactly 1% higher than what the rate i...
Ryan Beinner
Mortgage Rates (5%+)
Hi BP Community,I am looking to invest in a SFH (TurnKey) and my timeline to purchase is November/December of 2022. With the fed increasing mortgage rates to near 5%, and assuming a .5% uptick each fed meeting until t...
Kwame Essieh
LTV options for a 3-unit Investment Property
I'm looking at doing a cash-out refinance on a conventionally mortgaged triplex that I don't live in. When I did my initial research online it looked like I could get up to 75% LTV for this, however after talking to a...
Molly Ronan
Help analyzing knob & tube
If you don't want to read the whole post - I would love to hear your experiences with knob & tube wiring. Hi everyone, I need your advice on a 3-family I have under contract. $313k offer, was listed for $295k - my...
Dan Aharon
Second Mortgage / HELOC in Palm Springs, CA
Hi folks!I recently bought a property in Palm Springs that is meant for Short-Term Rental. The house is currently valued at ~$1.5M but we plan to spend ~$500k on renovation and expect it's value to go up to $2-2.5M af...
Connor Murphy
Inheriting unwanted tenants
Hey BP,I’m trying to house hack in a very competitive market where multis at a reasonable price in safe areas are few and far between.I am moving to said area in late July and will be there for 4 years. I have signed ...