Hello everyone!I currently own a single rental which cashflows nicely and is in a great area, but trying to decide if I should sell it due to my current circumstance. It is in relatively good shape for being built in ...
I'm pondering my next move. I just took on a lot of debt. On the other hand, I have some equity I could access. Not sure whether to:A. Reduce debt.B. Stand pat on debt and wait to build up another down payment.C. A...
I'm finalizing the loan for a 4plex. The loan is 30 years for $240K and the quoted rate is 5.125%. I can buy it down to 5% for $1013, or 4.875% for $1644.
If I buy it down to 5% I save $25 in interest per month. It w...
A real estate agent called me regarding a short sale he has listed. He is working with the Bank's negotiator. The property is listed at $380K. The seller owes $385K. The property is in fairly bad shape:
The roof need...
Hi BP -
Long time listener/reader, first time poster. Need some help!
I found a building to purchase an office building in PNW for my small business. Price tag: 2.8M. My banker at WF requires 10% down (I have tha...
So I’ve read about some of the numbers people should get back each month from cash flow off their properties, but does anyone buy and rent to just make all the profits after the mortgage is paid off?
Hey guys, I'm a new investor looking to get started. While doing some marketing to wholesale, I was contacted by a man who is looking to liquidate his portfolio of 11 houses. He is looking to do a cash out and be done...
Hello BP Mates,
I'm a new REI investor, started at the beginning of 2020 and I now have a portfolio of 6 SFH acquired over the last 16 months. I'm taking a pause to see how the portfolio runs, to save up cash to expa...
Hello all,I have found an app that lets you invest $10 for a single token which equals a share in classes A&B CRE buildings. Once you own a share you can start collecting rental income daily as well as gain apprec...
Hi -I have an upper end condo in Los Angeles that rents towards the top of the market. I'm always concerned about raising the rent as the transaction costs in time & money are severe to lose the tenants - since i...