As a contractor I would like to move into flipping homes and possibly some rentals for myself as I have been doing this for others for years, can someone please suggest the best funding options.

I won't make any profit on it, but he's paying the bills and our hope is that he will buy it from me in 1-2 years or we'll keep it as a rental and he'll buy something else.

I’ve been with REI Nation for 12 years, and I’m here to help with anything you need.

They seem to offer DSCR loans even with a 30 year fixed, no ARM, at 6.49%.

Here are some of the details:Purchased: June 2023Tenant: NNN lease, 3 year lease with renewal options that commenced in April 2024.Tenant pays $6,200 total. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.

A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume  you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so you now have 50k (25k from your initial down payment + 25k in equity).

The house I bought this year had ALL the plumbing buried in concrete, including the faucets for the two tubs.I have already had to do temporary repairs to one (DIY $150) and it looks like I'll have to do the other soon.

I am wanting to add one more property this year.  

Hi BP,I own 2 rental properties in Baltimore MD and i am first having trouble deciding on whether to place them in an LLC or not (I plan to slowly scale and house hack a new property once a year).

Situation: Years ago the owner of a property worth $1M and an elderly property owner placed a REVERSE MORTGAGE on their property which when funded allowed her to stay in her home and receive distributions from the lender up to a MAXIMUM sum of $700K.