Brad M.
Rent discount for tenant acting as on-site super / PM
I've got a quad under contract. All units are currently leased. One of the tenants is the seller's daughter, and she was given a rental rate $100 less than market to "keep an eye on the place." I've met her, and her f...
Beau Fannon
Is this possible? How can he make it work?
I had a great conversation with a gentleman this morning and I'd like to relay his story to see what y'all would suggest he do.Bought a 3 bed 2 bath 1500 square foot Ranch with good proximity to downtown 6 years ago f...
Steve T.
Capital Improvement Fee on Resale. Help!
Hello everyone,I'm attempting to close on my first vacant land purchase to flip and I ran into a snag that I can't resolve with any sort of confidence. Any suggestions or guidance would be hugely helpful in getting m...
William D.
Rental income after you refinance with a 30 year mortgage
BP!When you refinance a BRRRR deal at a 30 year mortgage, how does the payment on the mortgage work? Hopefully the rental income covers the mortgage and generates cash flow. However it’s a 30 year mortgage for xyz amo...
Jesse Lee
1 stage or 2 stage refinance?
I want to do a cash out refinance and was wondering if I should it it two stages. Goal is to pull out as much cash as possible to use towards next deal.-Credit score is around 625. It’s low due to high utilization (&...
Daniel Dietz
Conventional Loans & Partners - "Rules" and how it works?
Hello All, My partners and I have grown to 30 rental units in our local area and things are going very well, thanks in a large part to what we have learned here on BP. So far we have used almost all Portfolio Loans du...
Anthony Larson
Reserves?
A property owner is looking to sell his property to me. he's retireing, I got all the numbers worked out, applied the 50% rule and get a cash flow of about 2700 a month.
I'm 23 years old and dont have cash reserves ...
Melissa Coombes
Keeping California condo as rental vrs selling when moving away
Family member is relocating out of California for a job opportunity. Owns a condo in Valencia, Ca. Bought for low 200’s in 2013. Current value is ~340k. I have been looking into jumping into real estate investing for ...
Nick Matteson
Do you count the principal paydown portion of the mortgage payment as an 'expense' or 'income' or 'neutral' in your cash-flow analysis?
Isn't it just cash directly into your net worth?
When everyone talks about clearing $100 a month for their rentals are they counting principal paydown as part of income or expense?
Rick Curtis
Long term investment advice
Looking for some advice. I live in CA and I am eligible to retire in 8 years. My primary residence is currently valued at about $675,000 and I owe about $250,000. My loan is a 15yr and I pay extra each month with th...