Hello BP community-Does anyone have experience borrowing money from their parents to get their foot in the door with real estate? How did it go for you?Let me explain my situation. I am going to be a sophomore in coll...
Not that we are super experienced but if we hadn't taken classes this is something we may have fallen for. Recently we found a house for sale by owner on Zillow. We contacted the seller and received a text back that i...
I have an applicant for a property in Anchorage, Alaska that is wanting to sign a lease for a family member that is an illegal immigrant. The individual wanting to sign the lease is unable to provide a completed appli...
Hello! We are looking at properties that already have tenants. I am wondering how that process works (lease, rules etc. that are already in place from previous owner). Do we write a new lease and have them sign? Do we...
I've been looking for my first multifamily property and I found a fourplex that just popped up on the MLS at $330,000 getting a net rental income of $2500. Looking at the 1% rule the price is way over the rental inco...
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I am curious how many of you guys own your own home? I ask because my focus for the past several years has been paying off the mortgage. Now that I can see the light at the end of the tunnel I can feel comfortabl...
Hello Everyone,
I was at a local real estate investor group meeting last night, and I was told something that I could not believe at first. I was told that amortizations are never good, especially for 30-year mortgag...
Hello BP, I haven't posted in quite some time! I thought it would be interesting if we all shared what our rehabbing/remodeling process looks like. I am currently on my fourth investment property, my strategy is bu...
Like a lot of young people have done my wife and I have managed to place a lot of debt on top of ourselves, some of it good some of it bad. My wife is a teacher making 35000 a year. She is a 10 month employee so her p...