Hey BP!I want refinance my Florida SFH. Its FMV is approximately $200,000, and I own it out right. I collect $1300 in rent every month, $100 goes to taxes $70 goes to insurance and $100 goes to cap ex and vacancy. So ...
I am considering a 30 unit apartment complex and wonder if I should look at a traditional 30 yr mortgage or if I should get a commercial loan since this kinda pushes the bounds of side hustle to full on business. I h...
Our loan officer is offering to open a HELOC under 2 of our first properties that are almost completely paid off. From what I understand we can purchase a house and then later put it on a typical note and pay back the...
15 or 30 mortgage for rental property and why
My house got forclosed on and was bought for $151,000 in Oregon. Its worth easy $380,000. And fixed up $480,000. I have 6 months right of redemption to buy back. I have 2 family members that can easily. Worst case wil...
We're under contract on a great property that our lender (who we've done many deal with) is now balking at because they don't have an "appraisal relationship" in this particular state where we're buying (even though h...
Hi Everyone!My wife and I are property managers looking to get into investing and decided we want to start our journey house hacking a duplex or triplex. We are very secure in our jobs and finances with everything goi...
My brother and I would like to partner up to begin investing in real estate. Our thought was to create an LLC, but I have heard that an LLC limits your loan options. I am curious if there are better options or if anyo...
*Disclaimer, each state has different laws, so check those for the state you are investing in.Many investors run from mobile home parks with too many park-owned homes. Banks are not crazy about parks like this because...
The 2024 presidential election presents two distinct visions for America's housing market. Historical data shows housing prices have averaged 4.84% growth during election years since 1987, but the specific policies of...