Adam R.
Defer cash flow today in pursuit of FI in 5 years
Pursuing a buy and hold strategy of small multis in Rhode Island and SE Massachusetts with a goal of generating $40k annual cash flow in 3-5 years which would get us to our goal of financial independence. I am conside...
Chris Shuptar
Paying full price, yes or no
So, I am closing on my second deal on December 28th. It's a 2 bed 2 bath townhouse in a desirable area. It was obviously a flip for someone else because literally everything is brand new and mint condition. I've check...
Kelly McMillan
Mold! How to finance/remediate if I can't appraise?
We have an offer on a duplex with some extensive mold. I've dealt with mold, and plan on gutting and renovating regardless, so it is not a big issue. However, I didn't realize our mortgage broker can't get an apprais...
Bensley Faustin
Buying an REI duplex/triplex and live in it for a year
Hi me and wife working on our first REI and I decided to go with a duplex or triplex here in Orlando FL. We were initially going to buy a new built single family home but decided to stop the process to pursue REI and ...
Keyanna Bell
New Young Member from Ontario Canada
Hi Everyone,The opportunity for me to own my home came up recently, but before I decided to become a home owner I wanted to learn more about real estate. The whole idea of owning a home at 21 without having a clue abo...
Erin Elam
Possible first deal??? Advice please!! Land contracts?? No equity...
Hello BP,So I made an offer to a seller on CL about a month ago - it has been listed for quite a while. He ended up telling me there is still a mortgage on the home and told me the amount. I told him I wouldn't be in ...
Alex Silang
Getting a mortgage
Alright - complete newbie question here.
Is it good practice to get pre-approved for a mortgage? And should I go to multiple banks to see what the best rate I get? Also is it worth trying an online bank?
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Kerry M.
UBTI - Do these provisions apply?
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...
Zora Luan
Our very first rental property in Central Connecticut
Hi Everyone,My husband and I closed our very first rental property two months ago. ( WHOO!!! ) I waited two months to write this post so I can share some of our experience as first- time landlords. We started looking...
Tim Swierczek
Loan Guidelines vs Overlay’s - The differences between lenders
I received the following question via private message today and it reminded me that most consumers don’t understand where lender's guidelines can be different and in what situation lenders must remain the same. Below...