Keerthi A.
Rental Property Numbers - Please Advice
Here is a rental townhome in NW suburbs I am looking at.
Size - 1200sqft
2 Bed 1.5 Bath
1 car Garage + 2 floors above it.
Age - 40 Years old
Hardwood Floors
Purchase Price $73,500
Loan Amount $58...
Jonathan Shnoravorian
How do you Protect yourself with Rental Properties?
Other than an LLC, what's the best way to protect yourself and your assets when you have a rental property? I am a resident of Los Angeles, CA - and am in the process of buying my first rental property here. I'd like ...
Anthony Nguyen
Help Analyzing Deal: Brick Veneer Cracks in Front Entrance
Hi all,My first post. I'm excited about the wonderful resources on this site and am eager to learn as much as possible.I'm currently vetting a foreclosure deal and was wondering how significant this issue can be that ...
Kirby Allen
How do you insure your rentals? Cash value or loan value?
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. H...
Troy Norwood
Seller Held Mortgage Seller Financing
Hey BP Fam,
I'm hoping to get some input/guidance here concerning seller financing a piece of land. I am looking to seller finance a .5 acre lot.
Is it necessary to find a someone to service this mortgage. I'm look...
Bernard Chouinard
4 Owners, tax lien multi unit how should i go about this?
4 Owners of this 2 unit 3 br property. Wow very long story will do my best to make it as short as possible. Changed the names just in case. .lol Owner 1: Carol, took a 2nd mortgage on her house to buy her daughter (O...
James Reynolds
Creative Deal - Need Advice/Expertise
Can someone please advise on the best way to proceed with a creative deal. I will try to be as concise as possible:-Owner/seller is willing to sell me distressed vacant property for 250k (numbers are hypothetical)-Own...
Steve DellaPelle
Cash-out Refinance...Title Closing Costs Necessary?
Hello all,SFH Investment Property Out-of-State:I currently have a Home Equity loan...$98,000/ 5.8%/ 20 YearI am trying to cash-out refinance to a conventional loan...$150,000/4.875%/30 YearMajority of the closing cost...
Michiel Hart
earnest money for contract
Hello BP, how much money would you need down for a purchase agreement for a property under $40k in OH as a wholesaler. Just asking because some use a percentage rule and some just use $10 that I've seen.
Paul B.
Insurance for my rental condo in Boston, MA
I own a 1 BR condo in Boston. The condo association has a master policy for the building. My tenant (hopefully) has renters insurance for his personal property. I have renters insurance because I rent my primary resid...