this is my first rental property me and my wife had purchased a new homes last April we currently rent the property for$2,495 a month. our mortgage is 2373 a month and we pay our property manager 8% of the rent is thi...
I am looking into buying a multifamily on the MLS. The majority of what I have seen are already occupied by tenants. If I want to live in the property immediately after I buy, what is the best way to do this?Regards,
Hello BP,So here's the deal, I live in a small rural town about 45 minutes north west of big college town in Michigan. It's a small but seems to be growing town. Well I was up at the local bar having dinner and a beer...
Hi everyone, I’m very new to all of this and looking to get a basic understanding of deal analysis. I’m currently using the BP analysis tool and had two questions on the down payment portion. I’m planning to use hom...
Hello BP,I am a novice investor with three duplexes in St. Louis, MO. I acquired my properties by house hacking FHA loans. Now that I am no longer single the option to house hack is no more and I would like to scale m...
If you had approx 2.4M what stategy would you do? Keep in mind I am brand new at this. I do have to do a 1031 exchange to avoid capital gains. My goal is to generate income since I am closing my business which is my 9...
Hey Guys,
Myself and my wife are hoping to buy our first home this year. Actually we have been aiming to buy the house we have been renting since 2010. The landlord wants to sell and we wanted to buy. ...
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Is it worth it to refi? I’m claustrophobic about the IO and wondering if I need to make a switch. Other dscr refis put me at a higher monthly.
Appraised Value $700,000.00
Sales Price $680...
Hello fellow BP members,It's my first post here, but was reading forums for quite a while. I have rough strategy defined for me, but it's still hard to see what my exact strategy should be, if you can advise I'll grea...
I own a mixed-use building (free and clear) in the downtown area of a rough city in Mass (2 efficiency apartments over a commercial unit). The building is worth 100k-- at least that's what it would likely appraise...