Ali Clark
Refinancing an Owner Financed 8 Unit property
Hi all,I’ll save you the details of why the property I am looking at works and get to the point. This is my first post so forgive me if I am not following the usual conventions or standards but I think I woke up with ...
Brandt Welch
How to Finance My Second Property
Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...
Dennis Osendowski
Cashout Refinance interest rate/LTV
Looking to take advantage of low mortgage rates and also get some equity out of a rental property. I imagine since now is the time to do it lenders are swamped and may have higher expectations. Just want to see if any...
Corie Bilotta
Cash out Refi on primary vs conventional loan on duplex
Hi, everyone!I'm looking at financing options for buying my first investment property. In going through the financing options, I started a cash out refi on my primary residence. I can get $45k out of it based on the...
Warren Shinnamon
Do I need an LLC, or is Landlord Insurance enough?
Hello! I own a single-family house in Portland, OR in my name. Purchased in October, 2021, for $528,000. 30-yr fixed rate mortgage at 2.875%, $85,000 down payment. Currently ~$425,000 left on the mortgage. WIth proper...
Nicholas Junker
High Cap Rate But Sellers Asking Too Much!
I invest in Bozeman Montana.I've been in negotiation 4 times now in the past month with off market sellers I've found through direct mail and I cannot make the numbers work even with historically high rental rates!The...
Jonathan G.
Deal analysis
So here is a deal I’m putting together. A 36 units, 40 years old, performing C building located in a nice B area in Fort Worth, TX. The complex comprised of 4 buildings. Was wondering how much will you offer for thi...
Michelle Artmeier
Not sure what to do - looking for RE advice
We own a LTR that is valued at about $215K, and we owe around $65K on it at around 4.5% interest rate. The taxes, however, have went up so much that we have to raise our rents to a crazy amount (~$1300) to break even....
Ru Monsell
Buying subject to
Would love to hear from anyone buying by taking over loans subject to existing seller financing. The closer you live to t Maine, the more helpful the advice will probably be! thanks
Steve B.
New(ish) member from Sunnyvale, CA
Hello fellow BP members!Glad to have found this site and so many active and passionate people! My wife and I have been "casual landlords" by renting out our previous residence (held it due to the last market downturn...