Lawrence Sarpong
Buying via Subject to
Hi all,
I have a motivated seller that is open to having me assume the mortgage on a 3bd/2bth home for the difference owed. The current mortgage is $168k and the amount owed is $164k, so basically I would as...
Jim D.
Does it make sense to pay off LID early? (Vegas area)
Has anyone ever done an analysis to determine if it is financially beneficial to pay off an LID (Local Improvement District) assessment early? Or does anyone know how to find out the interest rate I'm paying on the L...
Andrey Gorokhovskiy
Should I cash refi my 3.5% interest property for 4.65%?
Ok here is our situation we are still new to real estate and investing and just purchased our 3rd rental and want to keep moving forward.Our first property we bought in WA state in 2012 for 130k and now is valued at 4...
Matt Crawford
What is my best financing option on this 5 unit property?
Hey BP, I need your help. I just secured a contract on a 5 unit residential building in the NW corner of Missouri in a state college town. I Have clearance from a local lender that will provide 80% if I come up with t...
Richard Brightwell
When is investment loan interest not tax deductible?
I'm not sure what my options are... I just bought a $171K SFH, rental-A, using 75% mortgage and 25% cash down. I spent $18k fixing up rental-A, rented it, and am getting good cash flow. I'd like to pay myself back th...
Gage Green
Looking for local bank recommendations in Wilmington DE
Is there any bank suggestions/recommendations in the Wilmington area that are happy to do a HELOC. My main bank didn’t use good comps in my area or any on my street including the one a few houses down that sold in mar...
Andy S.
Cash-out Refinance Dilemma
Hi everyone, I was recently approved for a cash-out refinance on my 15 unit apartment complex. The appraisal for the property turned out surprisingly well and the property was valued much higher than what we anticipat...
Justin Hack
Refinance vs. HELOC vs. Hard Money
Hello BP, I am new to the real estate investing world, as I am sure many of you are, and I am having a tough time deciding how to finance my first deal. I bought my primary residence property for roughly $100K when I ...
Joe Kim
Pay off home vs rental mortgage first?
I recently saw the light on the whole payoff your mortgage with heloc method. I'm not here to fight or start a heated discussion about that matter, but it does make me think about which I should payoff first - prima...
JP Krueger
2 family to condos
Ok so I lucked out with a 2 family purchase in 2012 in Somerville, Ma. It continues to appreciate and there is promise of a T stop going in at the end of 2016 which will drive things up even more. With some renovation...