Stephen Krause
REFI VS CASH-OUT REFI
Hi all-Currently debating on refinancing my primary mortgage (previously refinanced 4 years ago to a 15year @3.2%) to a new 15year @2.25% (Option #1) which would lower my monthly payment and increase Cash Flow. Optio...
Brian Wilson
DTI and Living Expenses
Good Morning BP!
This year I'll be acquiring my first rental property as I'm finally in a financial position to do so. I have a 2 pronged question. I currently put all of my living expenses on a credit card (includin...
Josh Lovvorn
Refinance Question on Rental Property
Good morning.
I'm new to Bigger Pockets. I have a rental by accident. We bought a house when we moved to Eugene, OR and have grown out of the home. We moved to a bigger home, and decided to keep the first home...
Oskar Beckmann
Help! BRRRR Question????
Hello, I was recently watching one of BP's videos on the BRRRR strategy and had a question about one specific aspect of this strategy.How is it that a property produces income and cash flow during the acquisition face...
Greg M.
Full asking Price with large seller concessions?
Hi all! I'm looking at a triplex on offer @ $135,000. Rents for $2000 a month full occupied, and has not had a single vacancy in 7 years. Literally not one month in 7 years. Tenants pay all electric, gas, water, and...
John Currey
Seller financing how the money gets transferred?
I've been listening to several of the BP podcasts mentioning seller financing. It's sounds like a great tool at times. What I don't understand is how you get the money to people.
let's say you buy a 100k house on se...
James Edwards
Heloc Minimum Payments
Hello,Curious as to how minimum payments work. Beginning is interest only. Current Heloc is around 6% interest, and a minimum payment of $100.00.Would it work like option a or b?A:$1,000 x .005 (.6/12)= $5.00 a month ...
Shane Moss
Accepting credit card payments with my cell phone?
For those that don't know, a new company called square up allows you to take credit card payments using your cell phone and a card reading device that plugs into the headphone jack. There are no monthly fees and no a...
Pike Pickett
Seller Financing Structure
Hello Bigger Pockets investors. I am interested in purchasing some properties in my local market via seller financing. I have not done this before. How are these type deals “typically structured”? Or how have any of t...
Judy Parker
Commercial Lending
Hi,
1. I make 40k a year, would I be qualified to get a commercial loan?
2. How is commercial loan different than personal loan?
3. I already own a house, mortgage is 1400 per month and someone is paying 1600 and I w...