Jordan OBrien
5% down or 10% down
Hi all,
I recently graduated college and wanted to purchase my own investment property. However I do not have enough to cover the 15% downpayment. I decided to purchase a single-family home and owner occupy it for 12...
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...
Raven Walker
can a tax lien be reduced if a property is switching owners
So I have someone that asked me an interesting question. He is considering buying a property that has a tax Lien on it. The seller is asking 38k for his property and if he bought this property regularly, all cash $38,...
Sam Clemons
Do these closing costs seem high?
The total loan is 135k for a 180k property. The loan originating fee of 3.4k seems high. My closing costs are almost 9%. Does this seem normal?
A. Origination Charges$3,412.5001 % of Loan Amount (Points...
Yenlan Patton
How to say... offer the deadbeat tenant cash to move out
We are hiring the eviction firm to do eviction filing for us, this tenant hasn't paid us for March rent. And he challenge us to go to court, and we haven't heard the court date yet from the service firm. They said the...
Greg Scott
Is seeking a "high appreciation" market a good strategy?
I regularly hear people on BP discuss cashflow vs appreciation and which markets deliver on those. There have seen heated debates in this forum, particularly when the "must have cashflow" people are arguing with thos...
Brandon Taylor
david greene's argument for paying down mortgage faster
In David Greene's book "Long Distance Real Estate Investing" (which is awesome, btw) I saw an argument that I didn't understand fully, which is basically "you should overpay on your mortgages to refinance them faster ...
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 ...