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I am thinking of buying a house with cash and then taking out a mortgage. Are there any downsides to doing it this way? Benefits? Thanks
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Greetings BP Community! Question
Background-
I have recently completed a thorough renovation on a buy/hold property that I acquired Nov12. I have been searching to complete a cash-out refi and take out ...
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We currently have a pick-a-payment ARM. We're not behind in the payments, but are paying the minimum pymt, resulting in about $1k/mo being tacked onto our outstanding loan amount each month in deferred interest.
Our ...
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Hello everyone,My name is Steve. Me and a partner have experience with SFH, condos, apartments, and small storefronts geographically between Boston and Cape Cod. We primarily buy, rehab (if necessary, usually less tha...
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I'm educating myself on how to properly analyze a BRRR property, and think I have the correct formula put together. Would you mind reviewing and let me know if I'm correct?To Determine Purchase Price:([After Repair Va...
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Hey so I’m in need of advise since I’m new to investing. I possibly have a couple deals I’m partnering with ppl. I found someone who is potentially going to fund my deal for 3% interest and $500 up front cost to loan ...
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Has anyone ever offered a tenant who is behind in rent and has filed for bankruptcy cash-for-keys to get them out?We have a property in Memphis that is being managed by a property manager. The tenant paid May rent, bu...
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Hi There,
let say that a property is being sold at 1M. Seller has 300k in equity rest is on a fannie mae loan. Instead of me giving a down payment, seller will finance the 300K in 5 years and we want to structure t...
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Well, put me in the camp of no longer accepting two year leases. The problem, as I've learned recently, is that the lease really only binds the landlord. The tenant can still leave whenever he wants.One of my tenant...
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I just listened to the recent BP podcast with Dr Benjamin Aaker and Dave Meyer from a couple of weeks ago.https://www.biggerpockets.com/blog/real-estate-1045There was a section where Dr Aaker talks about focusing on e...