Juan C Alzate
Trusty Mortgage Brokers in NY
Currently shopping around for a convention loan for first home to house hack. Dealing with a mortgage broker and have reached out to my credit union, but looking for suggestions of trusty brokers that the community ha...
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
Jon Licht
Real Estate Dogma: FACT or FICTION - A Retrospective Analysis
Five years ago I began my journey as a real estate investor. Since then I have also branched out into other assets such as angel investing, note investing, and fund investing. In comparing common "real estate dogma"...
Jay Mayer
First time Rent Increase after 2 yrs, $100 too much on $1100 rent
Hello everyone, I am a new landlord with little experience and wanted to get some insight on a rent increase I am planning on my rental home. It hast been 2 yrs since the tenant moved in and assuming they want to sing...
Christopher J Lemmon
Outrageous Insurance Rates on Investment Properties
Does anyone have any suggestions on finding a decent price for insurance on investment properties. I am trying to price in insurance in Kansas City, KS. Granted its not a high value area. But insurance rates are runni...
Thomas Terry tackett
Looking for best interest rates?
I have been an active real estate investor for 15 years and have 19 properties. With rates so low right now, I was hoping to find a great fixed rate (20 years) with a low interest rate. I have tried my local banks b...
Luke Maas
Conventional vs. FHA
Pros and cons of FHA loans for rental investment properties? I see some people suggesting conventional and DCSR and others that suggest FHA.
Linda Thomas
Tenant moving and adult single son wants to take over house
Good evening! I have a long term tenant (going on 10 yrs and the rent is way below market rates). Tenant lease is up in 60 days so I sent the renewal and or option to vacate with only a $45 rent increase (I know I sho...
James Syed
Debt Coverage Ratio, Cap Rate & Cash on Cash Return
Hi BP,
When analyzing an investment property 3 numbers are extremely important along with others;
1. Debt Coverage Ratio
2. Cap Rate
3. Cash on Cash Return
Most lenders look for ...
Rob Smith
25K should I pay down mortgage or invest at 7%
I have $25K in savings and am putting 2-4k each month into this saving acc it is currently invested and making about 7%. My question is this should i keep investing it and make 7% APY or should i pay the $25k to princ...