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28 August 2024 | 7 replies
To clarify, the purpose of this post is twofold: while we’re open to selling, we wanted to explore other potential strategies by hearing from anyone who has faced a similar situation.
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27 August 2024 | 4 replies
The only way I see mitigating these risks is getting the previous owner to waive redemption for $$, not a guarantee ahead of the auction.I did find a case here on BP where the HOA buyer got wiped out a month into the redemption period by the bank foreclosure!
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26 August 2024 | 8 replies
HI Jordan,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.
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27 August 2024 | 8 replies
These terms were provided by the seller's daughter who managed the properties and were not disclosed to us during the transaction.The legal expertise we've received up until this point has not been helpful.
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27 August 2024 | 12 replies
@Michael P.Sure, as long as you don’t mind if I go ahead and increase the list price by 25% first!
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26 August 2024 | 13 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
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27 August 2024 | 9 replies
You should start by demanding it.
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27 August 2024 | 3 replies
I don't know what this is and it probably varies by the lender.
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27 August 2024 | 7 replies
Would it be possible to buy the house as a primary and then in year two claim bonus depreciation if I moved out and had it as a rent by room house?
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27 August 2024 | 1 reply
By having a wealthier partner on your Operating Agreement, you would have something that lenders could verify for liquidity.Or if you would want to take a HELOC out on your primary you could do that, but I'm not aware of anyone that lends money without confirming that the borrower has funds of their own.