Kevin Lefeuvre
Which big bank will sink first?
Banks manage cash: inbound and outbound and "play" with that cash while they have it. Right?What is happening now and is going to accelerate is that the inbound cash is drying. Cash out by traders is not in anymore. S...
Clay Hollingsworth
Expecting lil' one. Live-in Flip, or House Hack?
Hello BP Fam! I'm new to the community. Im a 32 yr old creative. I live in Longmont, CO just outside Denver/Boulder. I've been producing music for over twelve years. Alas, we are expecting our first child in May, and ...
Account Closed
Selling house with a financed roof that has not been paid off yet
I've been playing with the idea of selling my house, and I'm sure this is a very basic question but I was not able to find any answers on the BP forum or on Google.Last year I got a 10 year loan to finance a roof repl...
James Syed
50% vs 2% Rule
Hi BP,
For a single family house that rents for $600 (all utilities paid by tenant), which rule is better 50% or 2%?
I just want to compare these two rules. I understand purchase price is determined af...
Peter Stanford
Where do I get funding???
So here is my situation: I am looking to get some rental properties but have no clue where to start with funding. I have a good amount of cash set aside and have maybe 3-500 in debt. I also have 400k in equity in m...
Laramie Hiebner
Question on how much to put down for down payment!
I am looking to move into a duplex next fall and am currently in an apartment. Aka house hack.
My question is what is the advantages/disadvantages to putting say 3.5% down vs 20% or 10% I understand putting more dow...
Mike O.
need help closing $1.2mm deal
I’m wondering if anyone could give me a hand on a potential deal I have found. It is a 24 unit apartment complex that is broken up into a 12 Plex, 8 Plex and a 4 Plex. In the last couple years over $100,000 has been ...
Garrett Tierney
New IL licensee seeking advice selecting a sponsoring brokerage
I'm located in the SW Suburbs of Chicago, and would like to primarily serve DuPage, Cook, Will, Kane, Kendall, and Grundy counties. I passed my exams yesterday and am looking for some advice from agents who have gone ...
Karl Johnson
Paying off Pre Foreclosure
Is it possible to open up an escrow account & deposit the needed funds to pay off a pre-foreclosure debt?EX: -Homeowner defaults on loan -They somehow get cash needed to make mortgage current -They go to title c...
Matthew Bruzek
Temporary Mortgage Freeze?
Hello! This is my first post and is just a general question. My wife and I are considering selling our current property and moving into another, but as I’m sure many of you know, those events don’t always line up perf...