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what is better? One month rent is around 8% of the monthly payment. As a tenant I would prefer to not lose it.
What the benefits are?
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Situation is $800K loan but have $400K cash. My monthly payment is $3,600 excluding tax and insurance (50% of monthly net income). I am thinking of paying down the loan to about $500K to get a lower monthly. Otherwise...
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Hey Everyone,
Finally have a deal under contract and have full intention of going through with it. In one of the units of this duplex there is a section 8 tenant. I would want to have the tenant sign a lease with me ...
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I am currently rehabbing a 3 family home in West Philadelphia. It isn't in the best location, but I am hoping it will generate a nice cash flow for me. There is a neighbor there who is excellent! I hired him to cle...
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Hello, I am looking looking for a attorney that deals with real estate contract dispute property is located in Elizabeth New Jersey.The seller backed out of contact and his attorney has refused to return our earnest m...
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I had a tax question relating to a HELOC. I was recently given money via my parents from their HELOC to purchase an investment property (5 unit). They have no controlling interest in the property, and I purchased it ...
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Hey guys,
I'm currently looking a purchasing an REO property that is a very good deal. However, there is one issue. There is currently a special assessment balance of $3,200 that says in the purchase addend...
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When asking a private money lender for funding, do you suggest amortizing it over only the course of the loan or do you try and structure the contract so that it has a 1 year balloon with a longer amortization period?...
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Hello, this is my first post eventhough I am always actively following and reading Biggerpockets. I have a question regarding a rental property I currently own in Miami, FL. I am a long distance landlord and I live i...
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I was wondering if I could get some help. Found a 3 family property in Concord, NH. Just before we were going to put in an offer we were told there was a known lead issue from back in 1999. We now hesitate to put an o...