My Partner and I purchased the property in 2016. After renovating it we rented the property for one year. Now it is in escrow and expected to close in May. We made some profit in this transaction. Would I be declaring...
We're in a "pick-a-payment" adjustable loan, & we suspect it may be a predatory loan. We recently saw a gentleman interviewed on the news talking about predatory loans, & said that 100% of the loans they've ev...
Hey. I can use a little advice. In June 2012, I took out a 7 year ARM at 4%. This past June, I was notified that my ARM has expired and my interest rate will rise. With rates where they are, do the numbers below make ...
We were quoted 4.75 apr for a 15 year mortgage. The lender said rates have been going up. This is confusing because the fed has been lowering rates. -4.75 is well above the average 3.02 posted on other sites that ag...
Hi BP!
After many years of prepping and listening to Biggerpockets since Josh Dorkin was the host and Brandon was the funny co-host. Now, my wife and I financially ready to make offers! I was thinking this was great!...
Alright, so I'm working on a couple refinances right now, and one of them I'm a little stumped on - so I could use some input.
I owe $75k on a duplex that should appraise around $120k. I have 2 options:
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Hello, Has anyone had experience doing a fannie or freddie small balance loan and having the bank allow seller credit at closing for repairs?I've negotiated about 3% of the purchase price as credit back at closing, ho...
I have spoken with a few different banks, credit unions and private lenders and it seems like there is not a typical type structure. I am a new investor and trying to determine how much I need to realistically save to...
I just completed my first deal of renovating and renting my first property. I have a question of which method I should pursue in getting more properties. I have been doing a lot of reading about different companies ...
Hi guys!My tenant of a year is having an issue with the city. The tenant recently got a $3000 water bill, and their normal usage is $300-$400. I called a local plumbing company to inspect and do a leak detection test ...