Looking to buy my first rental property. I have an opportunity to get into a home that is currently renting for 950 per month. I figured that the cap rate would be 3%. Would this be a decent buy as a newbie investment...

On conventional loans, private mortgage insurance (PMI) is required with less than a 20% down payment. But what is PMI and what is it playing for and who is getting the money? What insurance do I get for paying PMI fe...

Hi All!I just wanted to take the opportunity to introduce myself as I've been an active listener and reader to the community, but greatly lagged in my contributions.  I'm currently house hacking a two family home in U...

Hello!I'd like to ask the following general investment questions regarding real estate investment. This is while I am trying to analyze my potential first real-estate deal.Please correct me if I am wrong, but it seems...

I see a lot of mobile homes for sales...on RENTED LOTS. Pro's and con's please. 

We are under contract to purchase a SFH in St Louis as rental property from a turnkey provider (Memphis Invest/REI Nation) for $125k. After a low appraisal ($70k, later went up to $90k upon contest), we changed lender...

Hi everyone!I'm Joseph (from Athens, Georgia) and found BP when listening to a ChooseFI episode 312 where Scott and Mindy discussed their book First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes l...

Oklahoma City, just east of Lake Hefner, good area with good schools.Duplex, 3 bed 2.5 bath 1400sqft each side$275,000, traditional financing, 20% down, paying around 4.375%, maybe a little better, finalizing the loan...

I’m still new I haven’t completed a deal yet but there is the fear of the  current state of the economy and the fact that it seems like it might be hard to find a deal right now with many offering over asking price in...

Hi BP Community! I am looking for any advice someone may have for my current situation, thanks for any help!I own a SFH rental in Peabody, MA which has appreciated quite a bit this past year. Right now the LTV is appr...