Hi Everyone,I’m looking to start house hacking in northern New Jersey where I was raised. Specifically in the Bergen County Area. I recently graduated college and am eager to get some skin the game. I have done a few ...
I am just now closing on my personal home. I built it myself and have about 85,000 in equity in the home. My questions are;• Is it a wise move to use the equity I have for investments.• How do I access the equity for...
Curious to hear some thoughts on an opportunity that has presented itself. I am working on a partnership with some friends where we could go in with cash on a 53 Acre property with a 4 bed 3 Bath log cabin and 3 small...
Hello,
I have a potential deal in Oakland, CA with the following information.
Purchase price: $180,000
Type: Single family house
Bed/Bath: 3/2
NOI: $11,340
Cash flow: $2,064 (30 ...
My husband and I are in the process of buying a duplex. The loan should be closing soon but I received another document to sign that is trying to charge us over $1000 more. It had already raised one time due to a high...
I'm considering bidding on some tax certificates in Florida.Does anyone know what the typical winning interest rates have been over the past few years?This is my first foray into this. I can borrow funds at 1-2% over...
I am looking at 6-10 unit buildings in the Thompsonville section of Enfield and want to determine the cap rate for the area to help determine the value of these properties. I know it is a rough area which is why I wa...
Hello BP nation! I am a total newbie in the Southern Maryland area. I am looking to buy my first property and decided to go on lending tree to compare some mortgage companies. I am guessing I made a mistake, because n...
In this market I am having trouble finding loans for investment properties that are long enough to make the properties cash flow. Best I have found with limited research is 20 yr fixed or a 25 yr variable that resets...
Regarding a two-unit I'm looking to buy, hold and rent: What am I missing in my calculations? Also, do my estimates seem to be appropriate?Data: A potential offer: $95,000 -- Closing cost: $3,000 -- Initial Renov...