Heath M.
Starting out soon - primary residence is almost paid off
Plan to start with first rental property soon with a business partner. Will have my primary residence paid off before we buy our first rental property and will also have the 20% down payment covered on first purchase...
Ryan Vienneau
Attention flippers: Need liability advice, conflicting opinions
Looking for some advice from any flippers in New York. I'm planning to do some flips this year for the first time in the Albany NY area, I'm in the process of forming the company right now, meeting with CPA's, lawyer...
Mariah Jeffery
85% LTV Financing for apartment building?
I'm interested in purchasing an apartment building for about $1.1M. I have enough cash to put 15% down. Are lenders doing 85% LTV commercial mortgages these days? If so, will it be an 75% and a 10%? Will the rate be h...
Michael Dunn
Hi everyone. I'm in need of some advice please. All help is much appreciated
Here's my current situation......I have close to $7,500 saved up for a downpayment / to fund some of the needed repairs on the property that I " hopefully " eventually purchase. I know that's not enough money for a...
Steven Dome
Just starting out (questions about heloc)
Hello BP people,I have discovered BP about a year ago and sadly I’m just finally making my first post. I am currently in the process of refinancing my home and my appraisal just came in at $62,000 more than I bought i...
Skip Reath
Converting 401k to SDIRAs
Question? Is it possible to roll a 401k that I self direct into a single SDIRA that would hold both traditional and Roth monies. Right now my 401k has both traditional and Roth money commingled in a single account ...
Ryan Keenan
Brrr
hello BP friends, I've been trying to do more research on the brrr strategy. I'm still alittle confused on the acquisition part. Is the only way of obtaining the property either hml or private money if you DO NOT ha...
Nate Palmer
Tenant demands I return security deposit to their Bank account
My tenant moved out and won't provide a forwarding address as they say they left the country. They are requesting that I go to their bank and give their bank the security deposit to the account number they have provid...
Jeremy Williams
Criteria for refinancing
Hypothetically I've been approved for a $70,000 loan being 70% of the purchase price of a duplex with an arv of $120,000 . once I'm into this property and I complete the required 5,000 in rehab, I'm heading to the ban...
Brianne H.
Who's had success (or not) doing rent-to-own?
Has anyone had success with doing a rent-to-own? Or had an unsuccessful experience? How long of a term did you do? How much did they put down? How much additional rent were they paying toward the deposit? The local ma...