I’m thinking about bidding on a property at a state tax auction. It’s a solid investment, Northern Michigan cottage with lake frontage. It will be a great STR for all four seasons or a quick flip depending on how high...
There have been several threads recently about trying to grow portfolios past 4, 10, or X properties. It seems everyone has unique problems based on their credit, income, liquidity, leverage ratios, type of income, e...
Does it ever make sense to invest in an expensive property that has negative cash flow, yet the ROI is very good? If I don't need the cash now, but just plan on selling the house in about 20 years. I get that everyone...
Hello BP Community! I'm 24 years old and looking to purchase a rental property within the next 6 months. A fellow BP member made the comment about putting loans on a 15 yr note vs 30 yr to be debt free sooner which I ...
I am thinking of buying a house with cash and then taking out a mortgage. Are there any downsides to doing it this way? Benefits? Thanks
I'm educating myself on how to properly analyze a BRRR property, and think I have the correct formula put together. Would you mind reviewing and let me know if I'm correct?To Determine Purchase Price:([After Repair Va...
Hello, I'm looking to get some expert opinion/advice for a situation I'm considering on my first BRRRR deal.
Background: I have a duplex in a gentrifying Columbus, OH neighborhood. Doing the BRRRR model and nearing t...
Almost 2 years ago, I was a finance director at a Dodge dealership in my home town. I had been building my rental business but soon learned that having to come up with 15-20% down on each house prevented me from buyin...
If I make a cash purchase, is there a time limit before I can refinance to get my cash back?
My wife and I started real estate investing about four years ago. We like the buy and hold philosophy and have done 5 rehabs of foreclosures. We are in the process of obtaining our 10th conventional mortgage and our...