I purchased a note in 2nd position several months ago. HELOC with original amount of $100,000 UPB of approx 75,000. First is current with UPB of just over $100,000. House seems to be worth $170,000+. Homeowners cur...
Greeting fellow BP members,I live in the state of Ohio right equidistant from Columbus and Dayton so lots of opportunities and properties available. I work a W-2 job 7 days a week while I pay off debt and accumulate s...
How do I check the credibility of a lender? What are the requirements? What are the red flags?
Hi BP Community, I have an opportunity to purchase my grandmother's home in a very nice Nashville neighborhood. Zillow estimates the home value to be between $679,000 - $792,000, but I would be able to purchase it bet...
The seller is open to financing my purchase, which is what I'd like to do if only to avoid a monthly PMI payment (~$140). There's always more to be made in seller financing from what I understand. The unit is in a ...
I know that there are mixed feelings here about the necessity of permits on work done, but here's our story. We are less than two weeks from closing on our first rental - an owner occupied 2-family. We know that she h...
Hi Guys,I'm new to these forums and appreciate all the knowledge everyone has shared. I look forward to contributing.I'm looking at a 14 unit apartment building in Ohio. 90% section 8, building looks really good and w...
Hello BP!I think most would agree on three things:1. We can’t time market cycles2. We are currently at the top of a market cycle which means a downturn is inevitable 3. The best investors can make money regardless ...
Hey all,
I am currently just researching and practicing right now. One thing I have been doing is assessing the cash-on-cash value of certain properties in my town. I factor in vacancy rates and some other stuff, bu...