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First off, I do not have a deal yet. Just trying to get my ducks in a row. My wife and I are both self employed, and we write off as much as we can at tax time, so our income is low. We went to a bank to inquire about...
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Hello all,I am looking into buying a home from a friend who is currently renting out his house. He lives in an apartment in order to collect rent money from the renters at his home. He is going to be moving to Turkey ...
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Hello, this is my first post here and I would like to get some pointers on what my move should be. As the rent in my apartment is increasing to $820/mo, I'm getting sick of paying it and thinking about getting my firs...
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Firstly: Can one typically get traditional bank loans that include the expected costs to fix the property? What financing routes are best if the investor doesn't have the rehab cash on hand? If one is able to obtain a...
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Hi All,
I have been listing to the BP podcast very regularly and finally joined the online community!
I am a Mortgage Broker in the Denver area and I have been working with a lot of investors lately.
Seeing the ...
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Hey everyone, the BRRRR strategy can be great to build wealth quicker than a traditional strategy, but it may be difficult for people to save the 20% down payment, obtain rehab or hard money loans without a proven tra...
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Hi BP-ers,I have a 4 unit apartment in the San Jose area that has 3 lawns. I am tired of the maintenance of it and the constant sprinkler issues to repair, not to mention the water bill in our drought afficted area. ...
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Hello, I am a new investor in the state of Washington.A co investor and I have purchased 2 houses together and we each live in one, renting out rooms. Turns out we've been house hacking and didn't even know it! He is ...
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Hello all, I have two properties in Baltimore MD that I am trying to do cash out refi so that I can purchase another rental property. The two properties are valued at around 75k and 65k with no mortgages on it. I have...
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I've been renting houses for some time now and I'm always taken back by the comment "I prefer to rent from an owner/landlord directly" from prospective tenants. My inclination is that this is a red flag as it immediat...