Khang Nguyen
HELOCS/etc on non-investment non-primary residence property
Hi BP,I have a pretty unique situation. I have a relative who purchased a primary home in cash and also put my name on the title/deed. She does not have the income/DTI to leverage a HELOC on the property herself, bu...
Account Closed
To Deal or Not to Deal, Pierce County WA potential multifamily?
Hello BP! I have been soaking up all I can on BP for the past year. As this is my first, please bear with me and take it easy!I have been focused on on wholesaling in Colorado Springs,CO, not much success YET but I am...
Danielle Carter
Foreclosure Prevention Advice
Hello All,I'm hoping to get a little advice on helping a relative save his home. He's currently living in the home, but last year had unexpected medical issues that forced him to fall behind on the mortgage. He trie...
Jacob Henderson
Brainstorming ways to finance second investment property
I am looking to buy my second duplex and am searching for ideas on how to make the financing work. First of all, I am currently house hacking my first duplex and living for free. I bought this about 8 months ago using...
Levin Angeles
New NYC husband/wife Real Estate Investors. Seeking input as we consider our options.
As of now my wife and I are going through all the webinars and reading as much literature and we're coming to a point where we have to decide how best to use our assets. We've owned our own home for about 3 years. W...
Brandon V.
Self Directed IRA from a relative
Hi BP,I have a relative who has a lot of money in a ROTH IRA currently but they would like to help me out to fund another rental property. Would using the ROTH IRA from this relative be an option if they were to conv...
Pamela Baker
Help with Quit Claim deed preparation
I am currently on title with my step-father. We are preparing a Quit Claim Deed to release my step-father from title. My question is: since we are both already on title, which of the following best describes our sit...
Yashar Fred
Hard money lender for investment property
I am in process of closing on an investment deal, I am short by 50K on mortgage down payment. as the closing date is close, I have reached a hard money lender (my relative) who agreed to lend me money. Can I use hard ...
Chris Brown
Home Equity Line of Credit (HELOC)
I’m interested in learning more about HELOC’s! If I have an family member who is willing to lend me money from their HELOC, how do I set up an agreement that helps them and me more secure? I plan on using this line of...
Jeffrey Page
My First Deal Buying a property from family with seller financing
I'm buying my first property a 3 bedroom 2 bath house for 115k in one month in the D[M]V area. The property will be valued for around 315k once rehabbed. We are using seller financing for the loan for 15 years with 2....