Fred Shandler
SFR Analysis
Asking: $30,900 (assessed for 38K)
Taxes: $1,799
Currently rent: $750
The 2% rule works: 2% of 30,900 = $618
However: at 6.5% my payments would break down as follows:
P&I: $195
Taxes & Insurance: $23...
Ryan Spearman
Owning gold as a reserve
I’m a big fan of cash reserves. The covid outbreak has only emphasized this. The problem with cash is that if you have any form of debt it literally costs you money to hold cash. To get around this I have a big line o...
Jacqueline Gonzalez
Tiny Homes in SC, Land in Avon Park, Fl, Home in Baltimore, MD
Hi, My name is Jacqueline and I have a few challenges. 1) A possible opportunity came up for me to own a tiny home ranging in prices, an example $127,000 without appliances, lot rental of $450 and for now I am not sur...
Adele Hawkins
1st Deal Analysis for Rental Property
Woke up this morning and tried my hand at my first Deal Analysis.First and foremost can someone look this over? Is there anything else I need to consider? Property 2/2.5 1,375 sq ft Townhome. Asking price $64,900.1. G...
Steve Adler
Downpayment, but won’t qualify. Any options?
Hey BP Community, I am glad Tiktok has introduced me to this website haha! I have been following the STR method and researching on it, and I wanted to pick everyone’s Brain on it. I have $250k cash to invest, and I’d ...
David Wrenn
Bought a 4 family for $36k, it's now worth ballpark $800k-$900k
The owner bought the building 50 years ago or so because he originally paid $36k for it. There' practically no comps for a 4 family in that area so myself and my friend(agent) comped it somewhere in the 800k's. The ...
Chris Simms
Financing options... HELOC and Cash out refi
First time poster! Without diving into too lengthy of a post.Bought first rental property just over 2 years ago.Used a HELOC to do so at 5.1% locked rate so investment property has no note on it.Have an option to do c...
Alphonso Clark
Funding
How do I find funding for investing in mobile homes to buy, rehab, and hold?
Jon S.
Lending to an LLC or to individual
My local credit union bank officer informed me that they cannot lend to an LLC, unless I go through commercial lending, which will have higher rates, and may be tougher to get approved because I do not have 2 years of...
David Hersh
Canadian Investor Entering the Detroit Market
Hello, I am a Toronto-based investor who has properties in the downtown area, and now I am looking to make investments in Detroit. As a Canadian, I need the help of experts who can help me understand lending, legal, a...