Salil Surendran
Converting from homeowner to landlord insurance policy
Just rented out my primary residence and researching insurance coverage. Here is what I have learnt. Please do comment if wrong:
If you are not residing in a unit then a homeowner’s insurance will not cover anything....
Meredith Ogden
What should I do with the money I’m about to receive?
In the beginning of 2025 I will have about $100k (hopefully more) in fully vested stocks for the company I work for. I’m considering using that money to start investing in real estate. I work in restaurants operations...
Nick Hakim
Contract Dispute - Mortgage Financing Contingency vs. Investors
Hey BP!I recently found myself in an interesting scenario where myself and a seller are battling over an earnest money deposit due to differing views on the definition of a mortgage financing contingency. In short, he...
Keith Ellis
Feedback on 1st deal (Buy & Hold in Logan Square, Chicago)
I'm in the middle of purchasing what will be my first investment property and would love some feedback on both the accuracy of my analysis and whether this property was a good selection. The main goal with the investm...
Susan Tan
[Calc Review] Help me analyze my first deal
To what extent is this a good deal? Here's the info on this 1,550 square feet fixer upper duplex that I have under contract in Cincinnati, OH with worst & best case estimates:Current Purchase Price: $99,910. I'm c...
Joel Bowen
Understanding Seller Financing and Amortization
Understanding Seller Finance and how Amortization is applied to the deal.I am in the process in researching and learning as much as I can about seller financing options since I am having a hard time securing a convent...
Chris DeChiara
How much equity?
Hi all,I have at least 200K equity in my SFH. I'm interested in buying and holding a condo/townhome in the "interest" of a nice cash flow and of course appreciation. I'm wondering if using ALL of my equity and buying ...
Jeff S.
How to find a piggy back (80/10/10) mortgage on a MF property ?
My goal right now is to purchase and move into a fourplex. I had been thinking about going FHA, but that PMI just stinks! I was reading about a piggy back or 80/10/10 mortgage, and I kind of wanted to get a reality ...
Arthur Doss
Chicago Pre Foreclosure
What would you do . I have a guy that desperately needs to get out of his pre-foreclosure. In Maywood , IL he said he currently owes 130. He told me he was drunk when I called him so he told me to call him tomorrow on...
Brian Leigh
How do I pay off LOC without refinancing existing mortgage?
Hi Everyone! I recently finished up my first SFR rental property in Fayetteville, NC. I purchased the house using a 15 year term 7/1 ARM at 3.85% APR. I financed the rehab using a 7.5% Interest Only Line of Credit. T...