Michael P.
Purchase under my name or Inc?
Question regarding the effects on cash outs and liability in regards to how the purchase in complete in an inc or your own name. To get a cash out, depending on loan amount and having it in an inc or llc is a bad ide...
Gary P.
My first RE investment before the first rent check
My first post while riding the ripple of closing on my first investment propertyWhy?I followed the path I was taught since grammar school: go to school, get a job, live below your means, save your money, retire. While...
Tim Yang
Why is Vacancy considered a cost?
In the rental calculator here, you factor in vacancy as an additional cost in owning a rental. I have been just automatically putting in percentages just to do the calculations without a second thought but I just rea...
Jason Hernandez
I should refinance or I stay as now?
Hi BP, I just rented my property and I'm not getting a lot of return back because I pay $ 911 for the mortgage and I have the property rented for $ 1100. I also pay a property manager %10 of the rent. Is it better fo...
Tamatha Mallard
Investment property rental
Hello I’m trying to help a client purchase an investment property. Sales price $145,000. It rents for like $1450 a month. She wants to pay cash. It also has $320 HOA
monthly expense is like 645. HOA taxes insurance. A...
Kory Liston
Would you do this deal?
Hi everyone, I currently have three rentals (SFR) that have been very good so far and one successful flip under my belt. I am looking at a four plex that I currently have an accepted offer on at $160,000; 40,000 down ...
Matthew King
Newbie in Birmingham seeking feedback
Hi all, I've recently come into a situation where I am POA, caregiver, and sole heir of a very elderly grandparent. It is a sizable estate with much of it in retirement accounts and the house being owned free and clea...
Brock Freeman
Bridge / Hard Money Cash Out on Mostly Vacant Medical Office
Investment Info:
Office Space hard money loan investment in Pontiac.
Cash invested: $600,000
12-month, I/O, Cash-out loan for renovation.
What made you interested in investing in this type of deal?
...
Kamal Elqutub
Motivated seller but no contract?!
Ok, so I ran into a slight problem. I had a motivated seller contact me and say she had multiple properties that she wanted to get rid of and said cash buying only. I told her that I have cash buyers that would possib...
Doug Omenski
How did I do on my first deal?
I just bought my first rental property and I think I did pretty well, but you tell me...I bought a HUD owned SFR for $40k. ($30k financed on a 20 year loan with $10k down at 4.24%) I spent another $10k on closing cost...