Jeffrey Sullivan
First Quad, Plenty of Info, Negative Cash Flow First Year?
*Summary at the bottomAlright, guys, so I'm looking at my first quad. I have a partner that is family and we currently own six mobile homes and rent them out. The mobile homes all rented and bringing in ~$2,000 a mo...
Joe Kato
Buying from a family member that wants to remain living in house rent free?
Well I chatted with a family member that says the mortgage is too expensive to keep paying and they want to sell their 2 family. They rent out half of if and want to remain in the other half, although they would n...
Kyle Grimm
Where do you shop? HOME DEPOT vs MENARDS vs LOWES - Benefits?
Hi everyone I was just looking into signing up for the Home Depot credit card yesterday (which I found doesn't have that great of benefits) and I started wondering.. out of the three biggest box stores (Home Depot, Me...
Account Closed
Section 8 -- Incentives (rebates) to be good, clean tenants?
Hi guys,I am thinking about purchasing a 4-unit, 1 BR/1BA building. Two are Section 8 ready. In order to decrease problems with the property, I am thinking about doing the following things:1. Only accepting those w...
Austin Stuart
gift of equity rules? 1st purchase very green
As the title says quite new to the world of real estate. I’ll try to keep it short and too the point. I would like to purchase a home from a family member in the next 6 - 8 weeks. Home hasn’t been appra...
Zachary Martin
Father willing to buy out my mortgage and I pay him. Worth doing? Pros and cons?
So the scenario I have is that I am currently in the process of refinancing. Thinking about it, I posited the question to my dad if he were to "pay/buy it off", and I were to pay him instead of the bank, he would ben...
Alex Duarte
Having trouble tapping into my equity. What options do I have?
Hello BP community!As the title says... I'm having trouble accessing equity on my primary residence. I've tried applying for a HELOC recently (2 different banks) but our DTI ratios are too high and paying off the mini...
Uchenna Egwuonwu
Got my first deal under contract. Pay for closing with credit?
Hello everyone! Through research on BP and listening to podcasts, I've finally found the confidence to pick up my first flip. I am partnering with an experienced investor that will coach my through the deal. He is als...
Buddy Holmes
What do Do with Buy and Hold at 27 years?
Not quite there yet but what strategies are there as one runs out of Depreciation on a Buy and Hold SFR? I have been through one new roof and replaced the windows and HVAC. I have recently gone thru a 1031 on anothe...
Matt Good
What are my options?
Good evening all!A dear friend of mine is willing to loan me cash as an investor (because you can't gift without heavy tax penalties I know) so that I can buy a distressed property and also have the funds to rehab it....