I’m really eager to get into my first house hack but living in Los Angeles, even a 3.5% down payment is a lot of money to come up with especially for someone at my age and stage in life.I know a couple individuals wit...
We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender. I'm not an expe...
I have a deal under contract and wanted to get other investors thoughts on the term of the mortgage I should get. The purchase price of the property is 200k and it is ready to be rented so no money will have to be spe...
I'm looking to buy my first plex on seller financing. I've found a property and initiated the conversation with the seller, but I'm at a loss as to what fair terms for a seller-financed deal are.What have you seen? d...
Hi all,
At my family party yesterday I had a chat with my uncle who owns an apartment building and is very successful in other businesses. He told me that any principal paydown on an investment property is considered...
Hello,
In the process of purchasing a Duplex in Downtown Columbus for 300k. Some minor work to finish renovations but overall in fantastic shape. Positive it will be able to cash flow well from Day 1 really.
I have...
I purchased a home in the space coast area of Florida last Feb with an FHA loan at 2.75% interest rate. The value in that time has risen from 200k up to about 270k-300k. We are now trying to refinance out of the FHA l...
Hello BP members,We are looking for some advice on doing a lease option on a duplex. The seller is motivated (burned out landlord), just not sure yet how motivated. The asking price on the property is $54,000 (just re...
Hi, I'm new to the sub to world. I have a friend that is willing to sub to. He owes 220,000 and could sell for about 410,000.Every sub to deal example I find does not have this much equity. He's at a 3.2% interest rat...
So I have a slightly complicated deal that I'd like to get your advice on if it seems doable. I'm purchasing a 2 unit building from family members (there are 3 owners who were given the property in a revocable trust ...