Hello BP, my father and I bought a property for 28,000 about 3 months ago. A family friend loaned us 33,000 to buy the house and a little extra for repairs. We put an additional 5,000 dollars of our own money into rep...
I feel sorry for a lot of BP'ers.I see the same questions. I see the same struggles. I can see the same small thinking.And I can see that a lot of newbie investors are doing real estate investing the hard way...the sl...
Hello,I wanted to know if anyone was familiar or has used a Loan Management Account (LMA Account) for financing? I'm looking at purchasing and trying to wrap my head around some creative financing.-Zach Weinberg
Hi! I'm James. This is my first post on BP!! I'm in grad school In Seattle and working full time to pay my way through. I'm brand new to real estate investing. Just finished Rich Dad Poor Dad and totally changed m...
It seems to me that wholesaling is a way of cutting out the agent?
Hello all. I have a fourplex that I only owe about $20K on. It is a C property and I've been owner financing it since I bought it 15 years ago. My understanding is that once I have fully depreciated a property, it ...
Hey BP! Thanks in advanced for all the responses! I greatly appreciate everyone's insight and help. It is ultimately going to be a big factor whether or not i am successful or not.I'm looking to get pre-approved for f...
If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IR...
I know that opening a new line of credit will hurt my FICO in the short-run, but will raising my credit limit on an existing credit card have the same effect? Would it count as "new credit"?
I am looking to purchase a duplex in the middle tn area. The lady I am purchasing it from currently has a tenant in each side. Ideally I would like to co-sign with my sister on an FHA loan on this property and use it ...