Account Closed
Thinking about doing FSBO
In a seller's market like we're in, this can save thousands of otherwise Forfeited Tax Free Home Equity in real estate commissions. What the average consumer is completely oblivious to is that after 2 yrs of homestea...
Mark S.
3/2 SFR: $45,000
Purchase Price: $45,000
3BR/2BA, 1000 sq ft, 25 years old.
Down Payment @ 20%: $9,000
Closing Costs: $3,500?
Principal & Interest (@5% fixed, 30 yrs): $161/mo
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Buck Dabill
Old Hotel into apartments, Should I buy?
I have an opportunity to buy an old hotel built in 1952 which has been vacant for 30 years. it is a 42 room hotel on one level 13,000 sq ft. Cost looks like 30k. repairs are estimated to be 850,000. we plan on turnin...
Robert A.
Interest only, long term, and a portfolio of properties.
Hey BP, I'm talking with a seller who owns 28 units/10 properties (C--) in a 2 square mile radius of Columbia, SC. He has proposed seller financing, 10% down, interest only with a 10yr call. Still in the early stages,...
Shane Jeanfreau
Pros and Cons of a 40 unit in lower income area
Nervous about jumping on a good opportunity to purchase a 40 unit deal in a lower income area. The economics of this city is based off of fishing/oil and gas. Seems to me that systematizing a lower income area will be...
Andy S.
To Sell or Not Investment Properties?
I wish to have advice on following from members on this forum. I currently own 5 properties as belowCurrent residence: Bought for $637K, downpayment made-126K, current mortgage balance - 500KInvestment Property1: Boug...
THU NGUYEN
Advice need in investing in duplex - Houston TX
Hello BP members,I am thinking of buying a duplex about $120K. CF is about $800/month so awesome right for that a property that low. However, it's not in the best area. Appreciation is not great as I have seen the ...
Erika Torres
Pre approval for first home
I am a brand new investor looking to buy my first property. My husband and i are still looking at different properties but we are unsure if we should get pre-approved for a loan first before making any decision since ...
Gary Northcutt
Commercial loan for 5 family
I keep here you guys talking about commercial lenders not looking at personal finances just the property but why does all the lenders I'm talking to want my personal finances and a personal guarantee on the loan? The ...
Joseph Feldman
Would you enter into a rent to own contract?
Hello BP Members, Lately I have been thinking that the whole residential real estate game is too time consuming and is super tiring. Would it be a good idea to enter into rent to own contracts on my SFH?There is a man...