Account Closed
Financing a rental
I talked to the mortgage lender who helped my wife and I buy our house, and told him I wanted to rent out my current house and buy a new one. He said that I could do so with 5% down, assuming that my wife and I qualif...
Santiago Velez
Question about owner financing
Hello all! I'm a new member from Orlando, FL, looking to invest in my first income producing property. I have an opportunity I'd like some suggestions about. A co-worker is being relocated to TX and wants to sell his ...
Nate Hananger
HOA refuses to return calls or emails
First of all, I forgot there was a sub forum just for HOA issues. I LOL’d. Anyway, this HOA has been ignoring calls and emails of mine for months now. More specifically, the company the HOA outsources payments to. The...
Kyle Majors
Proof of Funds With Financing
Hey BP, I was wondering if you are financing an acquisition with debt and equity, is it necessary to show proof of funds for anything besides your equity portion? Thanks!
Christopher Davis
Basics from BP Book on Rental Property Investing
Surely someone knowledgeable in these forums must be familiar with the BP Book on Rental Property Investing?I became obsessed with this book and am beginning my journey into RE investing. And still trying to understan...
Justin Goodin
🖐🖐Financing help for small apartment buildings
Looking to purchase a small apartment building between 400 and 800k. Do I need to have my LLC registered before I start making calls?Will a typical bank want 20% down. Are there any other ways to get financing for an ...
Sam K.
Negative interest rates , what if ?
This is a hypothetical question at this point, but could not find precedence or a loan calculator which could help me as most calculators out on the web presume a positive number for interest rates. However, the way t...
Reinhard Kurzen
What cap rate should I buy multi family at?
Hello, I am looking at buying a 25 unit in Spokane,WA and I am wondering about cap rates. Often times I see sellers saying 8% cap rate (proforma). The property I am looking at needs a lot of work and tenant turnover a...
Account Closed
Analyze deal please
Lower income area in Northern California. 80,000 condo 2/1 bath.
rents for 1100 $275 HOA, 50 Insurance, 100 monthly tax.
Only thing I don't like about deal is that it is a condo other than that this condo was sell...
Scott R.
will bank allow this?
So im in CA with a ton of foreclosures, no cash of my own which is fine generally, but issue is most people are upside down here so they cant owner finance out. I started wonder if a bank will do this or not.
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