Eugene C.
20 year mortgage vs 30 year mortgage
Hello All,
I'm new to REI and I am busy negotiating my first deal at the moment. I'm starting small, so it's a single apartment unit, which I plan to rent out and hold indefinitely.
Whilst preparing my ...
Mark K.
Having a partner for a deal
I'm working on getting my 6th door as a rental unit. Once I close on that, I'll have 3 single family homes and one triplex. I met with a friend today and he asked me about partnering up on a deal. To generalize a bit,...
Jan Fensterer
Best way to Refi a property, just purchased w/HELOC
Hello-I have purchased and successfully flipped properties- This particular one came out of the blue- Any thoughts, advice would be greatly appreciated. We purchased a property before it came on market- Looks like it ...
Sarah Morris
Buy and hold question
Hi,I was told I have to live in the property I just purchased for a year until I can rent it out, as that is what the loan contract states. Has anyone heard of this? Does anyone know how I can get out of this loop ...
MJ K.
How to do this deal
Ok. I have an interesting question for you guys. Purchasing property from relative that no longer wants property. I need a place to live so this is right up my alley. So far...Good. Relative selling to me for 15k n...
Armando P.
30 Year Mortgage vs. 15 Year Mortgage
Hello Fellow BP member. I’m a licenced real eatate agent In NY, and new real estate investor. I have a question that might sound silly and easy to some, but as a newbie I want to make sure I do my homework and make th...
Mark Davis
When Owners Default on Tax Liens
What happens if a property owner does not pay, when it comes to tax liens/certificates?
Rich Weese
a lending story with great ending!!!!! Need a real broker?
For many months, I've been trying to refinance by 154 unit apt building in Garland, Texas. I tried 2 brokers (both on BP) and wasted time and money to no avail. Now the good part... I want to reccommened the following...
Michael Lettieri
Does adding a bedroom increase Rent?
I have a 1200 SF unit in Jersey City, NJ. I am trying to maximize rent for this unit. It currently has a 3 BR & 1 BA layout. It has the potential to become a 4 BR and 2 BA unit. Does taking space away from the uni...
Brandon Motuk
Refi from LLC to Personal
I currently own a property through my LLC that I am looking to refinance. I just had one lender tell me that if I wanted to "refinance" into my personal name (they don't lend to LLC's) then it would actually be a sal...