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6 February 2025 | 2 replies
You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right.
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18 February 2025 | 12 replies
Once they drop to below our required lead flow to rent out the units when we want we'll drop it by $25.
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17 February 2025 | 9 replies
It does take 1-2 weeks to accomplish, so does require some effort and monitoring on your part, but sounds like you are a diligent self-money manager, so should be easy for you to accomplish.
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22 January 2025 | 7 replies
I also hope to continue to grow my network and meet other like minded individuals and mentors to help advance my investing business.Cheers!
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10 February 2025 | 22 replies
Because Zelle requires more data entry I would explain with the new lease there will be a small and reasonable processing fee if the tenant kept with zelle but they can still use it.
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11 February 2025 | 6 replies
Why ask: Knowing the mentor's expectations will help you prepare for what’s required in terms of effort, communication, and engagement in the program.Asking these questions will ensure you make an informed decision about whether the mentorship program is a good fit for you and your goals.
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23 February 2025 | 10 replies
You can use your HELOC for down payment to acquire the property instead. paying all cash for this property so no DP required.
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29 January 2025 | 21 replies
In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing.
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30 January 2025 | 6 replies
Are we required to pay FICA tax on the deferred income?
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7 February 2025 | 1 reply
For more affordable properties—those priced under $400,000—the timeline is even shorter, with many homes receiving offers within two weeks of being listed.This fast-moving market poses a particular challenge for first-time buyers who may not be as familiar with the urgency required in competitive bidding situations.