Ben Bymaster
How does investing using Balloon Payment Loans Work?
Scenario: You're an investor who wants to buy for cash flow. You plan on holding the property forever. You buy a self storage property for $1,000,000 at a 9.25% cap rate. You put down 20% ($200,000), so the loan princ...
Brent Tomczak
How to Obtain a Mortgage on Recently Rehabbed property?
Hello All,Scenario:-I obtain a hard money financing for a property under contract.-Example property X: paid $40k, rehab $20-25k, worth $105k-Instead of flipping the property, I decide to keep the property as a rental-...
Joshua Dean Yancey
Finding the first property
Our house is paid off and we have some cash in hand. We are looking at local properties in rural texas in a low crime, low unemployment and high growth area. I'll be honest the length of my experience is being the onl...
Kyle Berns
Rental properties in Metro-Detroit
Hi BiggerPockets!My name is Kyle Berns. I am a 26 year old finance major from Eastern Michigan. I currently work over in Troy, MI in mortgage underwriting. I bought my first of two rental properties in the Saline/A...
Francisco Hernandez
Using your own money or someone elses?
Hello BP Tide (Podcast #240),I am new to investing and just got into my first buy and hold deal on an mfh, in Puerto Rico at $65k. I am using a conventional nonconforming loan at 5.625%, with 25% down (which I'm able ...
Jonathan Leung
Tenant late on rent. What's the proper step to evict in Texas?
My tenant only paid partial amount of the rent last month and haven't paid the rent this month. Tenant is not very responsive but we had email conversation 2 weeks ago. I sent the tenant late rent notice via email las...
Cody Wisker
Inherited property thinking about Renovating them
Thinking of making a big decision, my father left me several properties and I'm thinking about Renovating them and maybe renting them or selling them. They're both paid for and I've been keeping the property taxes pai...
Jerome Morelos
Rent by the Room strategy Utilities
I plan on renting out the rooms in my property. Is it best to include the utilities in the rent or split them between the tenants?
Katie Rohrer
Solo 401k vs. SDIRA for Syndication Investing
I am looking to invest in a syndication using my retirement accounts. I had intended to open an SDIRA to do this, but the operator of the syndication suggested an eQRP (fancy word for Solo 401k) to avoid UBIT tax. Bas...
Stephen Dillard
Possible Subject To Deal
I know there is a lot of info on here regarding "subject to" investing. I found a great contract provided by Michael Quarles
http://yellowletters.com/assets/purchase_and_sales_agreement.docx
My questio...