Bruce Raphael
Cash-out refinance on apartment building tax question
I live in NJ & bought an apartment building 12 years ago for $1M and put down $250K. I now owe $450K on the loan.If I refinance the property now valued at $1.7M and we can pull out $750K in equity with the refi, w...
Kevin Stolarski
Properly rejecting a rental candidate
Hey Everyone- So I am new landlord and am very close to getting my first tenants in my rental unit. My dilemma is I had two groups send in applications at the same time, pass background & credit check but one gro...
Jerry Wang
How to understand the underware percentage?
Hello,I am looking at properties with cash flow and potential appreciation in FL. Looking at Tempa, FL in zillow, A number gets my attention. "The percent of Tampa homeowners underwater...
Andrew Emery
FHA pros/cons
I was wondering what everyone’s thoughts were in regards to FHA mortgages. I hope to finance my first home with an FHA mortgage, but would like to acquire investment properties relatively shortly after moving into the...
Josh Platko
How to Secure Lending On Real Estate Property 2, 3, and So On
This isn't a post dedicated to excuses per se, but rather its about barriers (both mental and financial) that I need to overcome in order to expand my real estate portfolio. I'm 6 months into my real estate investor c...
Michael Kissel
Struggle with initial out of pocket cash
Looking for my 1st property and found a great 3 unit yesterday. Done the analysis and return and cash flow is there but the asking price is $180K. Very little work would need to be done to the property. With 20% dow...
Nick Schultz
Sell, Rent, HELOC or Cash Out Refi?
Hello BP!I bought my 1st house in August 2018 for $268k. It was a 4/1 that I converted into a 3/2 with a master suite. My latest appraisal came in at $340k just last week. I want to make a move for my 2nd property but...
Rodney Buford
Pulling $100K out Retirement account for Rental Properties-COVID
Good morning BP'ers,I hope this doesn't come across as a dumb question but I am really struggling with this decision. Due to COVID-19 my W-2 income has taken a 15% decrease for an undetermined amount of time. My wif...
Frank Rosatone
recent property visit
Hi Everyone,I checked out a condo unit last night. This is one unit of a side-side duplex. Located city of Malden Massachusetts and so far is not Listed and being sold as a Private Sale. This may change based on ho...
Erica Gregory
Accounting software questions
I have one SFR with no property management company but I will be closing on 3 more doors in the next couple of weeks. I want to hire a property management company and get accounting software to stay organized.Which so...