Hey everyone. I'm eagerly trying to plan paths to getting into real estate investing, and I'm thinking that refinancing my current home to decrease the monthly mortgage (and increase cash flow) and then renting it out...
A few questions I am pondering:1. Which direction does everyone think interest rates will go in 2021? They are low now (~3%). Do you think they will go back up in 2021?2. Is it better to buy now while interest rates a...
I’ve been calling around and talking to different local community banks about obtaining a commercial loan for a multi family purchase, and ran across a bank that only requires 10% down. Obviously numbers on a purchas...
Hi BP Family,
I'm a bit excited to share. There is a home being remodeled right down the street from my house. I took it upon myself to stop and speak to the contractor. I got his name and number. He informed me ...
View reportThis is my first attempt to purchase a multifamily property. Please help me analyze this deal.*This link comes directly from our calculators, based on information input by the member who p...
Does anyone have a good working knowledge of the purpose of this loan is for? I can never get a straight answer from my real estate agent or my loan guy. My understanding is that it will cover up to 10K in repairs....
Hi all, I purchased a duplex in July and gave both sides notice to vacate. They both vacated Aug 1st. My question is since it was already in service on the day I took ownership, can I expense the costs to fix it up? I...
Hi there,Don't know if this should go here or in the technology subforum, so I'll try here first.I'm at the point were I need to set up real accounting. Quickbooks seems to be the way to go. And since everything is ...
#AskBP Hey there BP, I have ten thousand, and I want to know if I should put that down as down payment on a 60000 dollar duplex, or just put half down? The duplex does need a lot of work I would say at the most 15000,...
I just have a question that has most likely been answered to death on here. I am looking to get into the rental game and I had my market picked out, Windsor as was one of the few places i see that make decent cash flo...