Trying to decide on using reserves to pay off rental mortgage or keep. I am retired, 72 and own 4 college rental houses. Zero vacancy as housing shortage is acute and typically let students pick their successors. I st...
Hello, BP,
I am a new investor. I was wondering, for the very experienced, longsuffering investors here; who would like to share their prices, costs, and returns on their first few deals. Let's say the first 5 deals....
Greetings to you all My wife and I purchased a sfh 5 yrs ago FHA where we still currently owner occupied. Not interested in selling or renting right now but maybe so within the next year. We have almost 100k ...
Can I get a HELOC on our primary residence (I am the sole person on the mortgage) and then have my spouse use those funds as a down payment on an investment property (mortgage under spouse name only for the investment...
Long story short, had an off market triplex fall into my lap from a friend of a friend. Had a horrible experience as a landlord and has been living in the place for 4 years with 2 units empty and already bought a new ...
Is there a basic calculation for the time it take to recoup the initial outlay when purchasing a rental property...for example:If I buy a SFH at $100,000 with a 25% down payment and $10,000 in costs to ready for a ten...
Hello everyone, I'm new to Bigger Pockets and am looking for some expert advice on my situation.
I currently have a rental condo unit that just turned vacant. My tenants broke the lease early due to loss of income. T...
Hey All,Lately I've been doing a lot of thinking about different ways to come up with money to use as down payments for multifamily 1-4 family properties. So far I've come up with, if credit allows, borrowing from a ...
I am interested in purchasing a property that could use about $8000-$10,000 in cosmetic upgrades (change carpet for laminate, retexture and paint walls + ceiling, upgrade appliances, upgrade countertops to granite, up...
I'm struggling to understand how I lose all of my ROI when I refinance. I understand the concept of the BRRR strategy but after I refinance for the higher amount my payment goes up so much that I'm now losing all of m...