L'aura Bradford
"Sleep Well At Night" Emergency Savings
Hi all, what's the term commonly used for that emergency fund one should keep to cover mortgages on rental properties if they're vacant? Some of the folks I've talked to in my local area call it a "sleep well at nigh...
Emerson Hazell
Bank FHA requiring 25% down
Hello,
So I have been planning on purchasing my first property ever. My plan has been to buy a duplex or a triplex, be an owner occupant in one of the units, and put 3.5% down. Thinking this is very common with many ...
Account Closed
Cash buy one versus 75% LTV leverage many
Hi BP Community, For the buy and hold strategy, is it better to tie up all your cash and have one property cash flow, or to leverage a few properties with the same amount at 75% LTV?Nina
Heather Rivérun
Depreciating a property that is paid for
Hello All,
I am a newbie with investor aspirations. Currently my husband and I own our home outright, in a real estate market where values and rents are continuing to go up. We are outgrowing our current place, wit...
Account Closed
Sell Or Rent Philadelphia ?
After 2 great years in this city I am ready to start adulating, pack my bags, and move to the burbs where the girlfriend and I are planning on getting our first place together.
I bought a condo two years ago in the S...
Abraham Saldana
Investor Facilitated down payment
Hi everyone,Any advice on how best to find an investor(s) to facilitate the down payment on a multi unit in South Carolina? Currently need roughly ~50K in addition to my own cash on hand to finance a typical 75% LTV...
Nathan Grant
Question about zoning
Hello,
I have a multifamily property that I can potential get for 30,000. It has been used as a multifamily for several years. The problem is it is not zoned for this. I'm looking for thoughts on this. Is it worth bu...
Jonathan Kincaid
Good Time to REFI Cash Out?
I just spoke with my mortgage broker, as I am considering a cash-out REFI on a Hollywood duplex. While it is tempting to sell high (or cash out REFI) in this market, the new interest rate (high 5's) that would accomp...
John A.
FHA 223 (f) Apartment Loans?
Hello,
I did some research and this seems like a good way to go for multi-family financing. Does anyone have any more information on FHA apartment loans? What are the requirements, any advice would be great! Thanks
Brendan O'Brien
Who gets a 1099?
For professional property managers: who gets a 1099 at the end of the year?
I know contractors need a 1099 if they got paid at least $600. Do you send your investors a 1099? How about tenants? Anybody else?