Joey F.
renovating and increasing income question
Hello everyone,Newbie here. I was wondering how the process goes of renovating and increasing rents goes in terms of the conversation with your tenants. Do you just complete the renovations and just notify them that r...
Gregg Truex
Can a DSCR loan refinance another DSCR loan to gain equity or a lower interest rate
I am getting a DSCR loan to buy a STR. My question is if the first DSCR loan is 9% and 5 years from now the rates drop to some lower rate like 6% can I get a new DSCR loan at the 6% rate to replace the higher DSCR 9% ...
Melanie Rodriguez
Cash-Out or Home Equity Loan?
Hello!
I am looking for some advice as to which course I should take: Cash-out refinance or home equity loan?
Home value: $400,000Mortgage balance: $51,000
Interest rate: 6.125% - Fixed. 30yr.
Monthly paym...
Evan Smeenge
Excel Analysis - I can't seem to find the right numbers
Hi all!I've created an excel document that basically takes BiggerPockets four quadrant analysis and puts it in an excel spread sheet. However, I need to figure out what is wrong with it. Yes, I could use the BP calcul...
Sarah Auriemma
Modest income trying to make the right decision for my family
My husband and I own a SFH- it’s a ranch 2/1 with a 2.75% interest rate. We owe 200,000 on it and have $100,000 available to us via a HELOC. We make a very modest income (about 80,000/year) and have 2 small children. ...
Rick Albert
Inheriting $400K, what would you do?
Hello All!I have a client and friend who invests generally out of state. She is going to be inheriting around $400K and asked me what I would do. She wants to go with MFU and doesn't have a ton of time to be hands on ...
Oluwaseyi Lapite
[Calc Review] Help me analyze this deal- Total Cash Flow invested
View report*This link comes directly from our calculators, based on information input by the member who posted.I am a bit confused as to how the total cash invested is calculated , my numbers arent th...
James Palassis
HELOC then Refinance (without BRRR)
I've learned a lot about the BRRR stategy, and I have a question about the refinance part of it. My primary residence is paid off, and I have an open HELOC on it. Sometimes I come across deals on MLS (through my realt...
Michael King
Getting a leased tenant to leave when buying property
I am purchasing a multi. There is one trouble tenant I want to get rid of (covered all the smoke detectors and smokes inside) The problem is, they’re locked into a lease with almost an entire year left. We want to mov...
Tiara Murray
Does This Deal Make any Sense??
So I'm running the numbers on a property that I found, and I'm trying to see if they make sense to you guys...
Assumed:
30 Year Fixed Rate @ 7%
Loan Amount: $25,000
M...