Howdy!My husband and I just bought our first investment property! We received our first applications for the rental, two friends in their mid-twenties. They are both living at home with their parents currently. Do...
Hello BP members, I would like your opinion / experience on the below investing idea:I want to buy a rental property but don't have the 20% down payment the bank requires for me to get approved for the loan. I already...
Bought a property using seller financing.It's cash flowing $100 a month.Can I or can I not use the income from this property to qualify for a bank loan?My thinking is that because the purchase of a ownr fin. property ...
Hi there everyone. I recently completed my first investment deal with in-house financing through my bank. Recently I found out they do not report to the credit bureaus, so my question is in theory could I get another ...
I have few SFH and want to expand to MFH. I heard lenders want to see MFH experience from the applicants. How do beginners start and obtain loans? Can you recommend friendly lenders? I'm happy to start small.
I've seen multiple debates surrounding Dodd Frank and am feeling very lost. Some passionately feel investors should back away, while others feel there are still creative solutions for desperate home owners. Looki...
Your story and goals: Looking to help a family member by buying their home (cash) and rent and/or sell.
Type of property: Single family home.
Location of property: Medford, Oregon.
Purpose of financing: Cash purcha...
I'm in the process of negotiating a deal with a home owner where she would finance the deal. She owns the property outright and is wanting to sell but has had others tell her that if she just fixes up the property (to...
I am new to real estate. I found a private lender. He is willing to give me 100% with 3% interest on a $150 k loan. He said he needs my bank account to deposit the money. Does this like a scam or is it legit? How does...
Do any board members have experience with low income housing tax credits? I would love to get a run-down on them as well as some pointers to helpful resources to learn more about them.