Adam Witek
4.75% for 30 years on $262,500 with 25% down? Should I shop it?
I'm purchasing my first 4-unit and I have preapproval for 4.75% for 30 years on $262,500 (after my 25% down payment). My credit score is 740.
The mortgage broker said the interest rate is higher than I'd expect becau...
Walter Purdy
How Feds raising interest rates effects you
If you haven't heard already, the federal reserve raised rates yesterday by 25 basis points & they are projecting to do 3 more rate increases in 2017. If you're an investor with a HELOC out, this is the time to ro...
Mitch H.
Poor hot water pressure to shower head
Hi all. I own a duplex in Denver and my tenant has recently informed me that the hot water pressure to her shower head is poor. I have not been over to check on it yet but she gave a pretty good description of it (bel...
Geoffrey Tanudjaja
Private Lender and how does that work?
Hi everyone,I just joined BP pro membership last week and excited to learn more about real estate investment. I joined a seminar yesterday at Detroit area and they discussed about utilizing private lender to buy your ...
David Eiges
Gas Leak Not Reported for 5 Months. Who Pays Gas Bill?
My tenant noticed their gas bill was much higher than normal ($150) and reported a gas leak which was quickly resolved (in 1 day). The issues were related to some joints around the water heater that needed to be repl...
William White
100 year old home in New Orleans - Home Warranty Question
Hey y'all, I know the home warranty question has been hashed out a thousand times and I have read a lot of the threads about. I think for most situations I would agree with a lot of y'all that as an investor and a lan...
Jeffrey Myers
Use cash or finance???
Hey everyone!
I'm sure this isn't the first time this has been asked, but here it goes...
Is it better, or smarter to pay cash for a property, say $45,000.00, or just take out a mortgage and use someone else's money...
Mustafa Abdulali
How enforceable are items in the "additional items" section?
I’m interested in purchasing a home and had my agent put into the contract that the following items must be either repaired or a credit given for repairs (we noticed these items during the first showing):"Contingent o...
Dejuan Calloway
Interest rates on investment properties
Hi I would like to know if anyone knows the current interest rates on investment property. Single family.
Thang Nguyen
Seller fund my rehab
Seller will fund my rehab! Arv 300k. They asking 230. I offered 155k. They said that too low. Then i offer if you can fund me the rehab. I can get my profit 10 percent of arv first. Then subtract your purchase price 1...