The mortgage rates went from ALL times low’s when the pandemic started to 20 year ALL time high’s. If you look at the chart below you can see how high interest rates were from the 70’s to 2000’s. The government help...
Next year I'm looking to purchase an owner occupied multifamily rental in Albany, NY. For a long time I have been set on having long term tenants, but lately I've been considering setting the property up to be a short...
I've been studying Cleveland and Bigger Pockets for months and thought I am beginning to understand the neighborhoods and deals a lot better. However, there is a listing which I thought is a good deal, yet its been on...
I have a hard money loan in two condos that I converted from a single family with in-law suite to two condos. The market is way slow and I’m getting killed with interest. We have about $120,000 in the deal.Is it possi...
Reaching out to the BP Community to hopefully hear from fellow Multifamily Investors on who they prefer to use for lending on their acquisitions? It's fine if you're a commercial lender and would also like to comment,...
My wife and I are about to close on our first rental property next week! We are already looking to buy our second one. Should we wait and get used to being landlords first or buy another one as long as it's a great de...
Hello,
After a very long search and several failed attempts we have our 1st buy & hold property under contract in Ypsilanti,MI. We are set to close on October 7th. It needs a little work to be rent ready and I'm ...
I'd like your thoughts on a deal I'm pursuing.
I purchased a 7000 sqr ft property at a tax lien sale. The owners walked away and the bank which owned the mortgage now wants to redeem it from me (3-year right of rede...
It seems that former Sen. Tom Daschle didn’t “remember†to pay $128,203 until after he was picked by Obama to lead the health care reform efforts. No wonder these guys aren’t interested in cutting taxes…the...
I am getting ready to acquire my 3rd rental property and it is already starting to be a pain collecting rent payments. I want to start using an electronic rental payment service to make it easier for myself and my te...