Patrick McCracken
Does A Cash Out Refinance Make Sense For My Situation?
Hi all,
Trying to slowly build our buy and hold portfolio in Buffalo NY to eventually allow rental cash flow to replace my W2 salary. Right now I own 2 duplexes. One was a personal residence that we bought about 10 y...
Michael J.
How many deals a month part time?
Just have a general question for those of you with wholesaling experience. I am at a pivotal point in the direction I am going and am trying to get a feel for the potential and best place to focus my extra time. In yo...
Aaron Moayed
Going the Insurance Policy Route vs LLC
For those who go the insurance policy route, instead of going with an LLC, what are the true risks? Like what are some common lawsuits that can happen?
Eva Dees
Smoky Mountains Vacation Rentals!!!!!! Yes, Please!
Greetings BPeeers! I finally know what I want to be when I grow up! This was a tough one for me and it's taken almost a year of digging down deep but I've finally nailed down a strategy that I am super excited about.....
Shahil Keshav
Additional payments on your rental property mortgage
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Chris Koerner
Yellow Letter Mailers to find cash buyers - would this work?
I have been using DM to find cash buyers with a list of names of people who have purchased homes for cash in my area in the past year. I have gotten about a 1% response rate, which isn't horrible but not where I want ...
Dustin Espinoza
How to properly analyze a multifamily property 5+ units
Hi BP,
I am currently attempting to analyze a 10 unit multifamily property and I would like to request for the information necessary the first time around. So far this is what I have:
1. Property price = $625,000
2...
Cameron Moore
Replacement Cost Insurance Explained
Many times I have to address the difference between Replacement Cost and Market Value to my clients. Unfortunately, there is a disconnect between Mortgage Underwriters and the actual distinction between the two. The m...
Jeremy England
buying costs excessive?
I'm calculating costs on a potential deal and got a loan estimate from a conventional lender. It seems the buying costs are way excessive to me. What do you think?loan amount: 80000Origination charges:3pct points: 2...
Damien Hall
How to value a property with no financial stmts
Is there a way I can value an apartment building that doesn't have any financial stmts? A building in my area is on the market but it has been vacant about 8 years so there are no financial stmts to view. I think th...