Maiko Miyake
pros and cons of interst only.... do I get it right?
If I do interest only, I don't build any equity by making monthly payment. The only way to build equity is by appreciation. I also face higher rate fluctuation. :cry: A good side of the story is that monthly pay...
John M Arnoldsen
Should I cash out refi my primary res. to begin RE investing?
I am a beginner and have nothing invested in real estate. BACKGROUND INFO:-38 year old police officer in Utah. Married with 6 minor children. -Base salary: $83,200 per year, $90,000+ when including overtime. No debt o...
Aroldo Villarreal
Would you buy this triplex + duplex?
I'm considering buying this multifamily deal, but don't know if the numbers are good enough. I know multifamily is evaluated differently than SFRs, but don't know much about it. Below is the owner's description:I have...
Chris Willson
Question on future rental income on mortgage application
Hi Everyone,I am thinking of purchasing my first home and have a question about mortgage applications. I have excellent credit (>800), however no history of a mortgage. I had a loan out on a car that was paid off i...
Ishmael Johnson
Cash for keys during the moratorium
I want to get my tenants out of my property so i can do some renovations to force the value up and sell the property, but the tenants cannot be evicted. Is cash for keys a good strategy to do so?
Tausen Richmond
The above average worker can't even qualify
In my area the cheapest you can get a home is about 200k. If your lucky you score a 20$/hr job (min is 12$), and get 40k per year, and are still unable to qualify. This is a reality for most people around me, they ren...
Raymond Turner
What would you say is my best option?
Hello everyone,
This is my first post on BP, but I've been listening to the podcasts for several months now. I own a rental property in Washington State that cashflows only a few hundred each month, but has a large a...
Michael Ratzken
Seller-carry Multifamily in Tempe
Investment Info:
Large multi-family (5+ units) private money loan investment.
Purchase price: $630,000
Cash invested: $240,000
This was my first multifamily fixer-upper, In the summer of 2019 and I h...
Mubasher Riaz
To buy or not to buy? That is the question...
So there's someone around my area selling a 9 unit completely remodeled and all rented out apartment building. He said he owned it for 3 years and bought it from the bank before that. He also claims, he's making $3000...
John Fulton
Own or Rent Paradox: Your home is not an investment
There is a lot of commentary surrounding the topic of whether to rent or buy (Regarding personal residences). A roof over your head is an expenditure. The rent-or-own paradox is about losing the least amount of money ...