J. Mitchell Bernier
FED Rates and Inflation Here to Stay
The two-day FOMC meeting is starting today, and most estimates predict 75 bps hike to be announced on Wednesday, with a small outside chance that 100 bps happens instead. While most expect this, some are still looking...
Matthew Fischel
Newb from Chicago - MFR 2-4plex investor
Hello to my new BP team,Background: I'm a Chicago native, I come from the IT sector (8 years), jumping ship and getting my feet wet in real estate investing full time begins now. Goals: Near-term, I'm looking to g...
Alex Kouramanis
Reasonableness or Self Fulfilling Prophecy: How Should I Sell?
Hello fellow BP members,My question is: should I renovate according to buyers or according to potential?Let me back up. We have a detached bungalow which we purchased about 2.25 years ago for $440,000 in Scarborough, ...
Devin Chong
Changing a Duplex to a Triplex with the City of Seattle
Hi All,
I have been looking at a Triplex in Seattle very close to where I currently live that would allow the potential to house hack. It is listed as a Triplex, however might be considered as a Duplex by the City ...
Michael Turner
Should I lower my debt before investing?
I currently owe $92k in student loans. Payment is $48/month. Loan is forgiven 100% in 10 years. I net 34k/year. $2000 savings. Credit score 683. I want to invest in single family homes. 1. Should I pay down my debt be...
John Lee
How do you guys calculate a "good" commercial deal?
Hello BP,Excuse my ignorance, because I do mostly single family rental investing. It's pretty straight forward, because I base my numbers on the ARV, purchase price and repairs. But, how do you guys compute a "good"...
Sierra Swords
Newbie confused about future financing for next rentals
Hello! Brand new investor here! I'm 25, in the middle of completing my first deal on a duplex in my home town of Westfield MA while I go for a PhD and bartend in central new jersey. Once the deal is closed, my DTI wil...
Angel Garibay
What are the ins and outs of a 203k loan?
I am very interested in the idea of a 203k loan but I do not know much about them. So for example I am looking at a property that it about 300k and would need about another 300k in rehab costs. Would a 203k loan even ...
Account Closed
Best time to cash out refinance?
I bought my first house last December under market. Once I’m done with Everything I’m 20k In including down payment(3%). It’s gone up 60k since I bought it(did an appraisal). I’m pretty sure with what else I need to d...
David Kohli
The BRRRR Method/ Fundamental Problem with Refinancing
Hey Guys,
I came across the BRRRR Strategy. It seemed very easy and clear at first but when I looked deeper into this concept, it appeared to me that it has some hidden problems. As long as I understood this method ...