I just bought a rental House in my local area in the 25k range and the house had an appraisal done about 9 month ago that had it appraised for 55k. I have only had the house for a couple of weeks. It is current...
Hello all,I am currently “house hacking” a single family residence with Airbnb. I rent out 4 rooms while living in the 5th bedroom in a separate suite. This produces significant cash flow each month and I am living in...
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
I have some leads that live abroad, in Israel, and I would like to help them buy properties that we hold as rentals.
Is there a definitive guide or book to how to run these foreigner transactions successfully? Bonus ...
I’ve heard horror stories of borrowing money from hard money lenders. Much of what I have heard of horror stories comes down to being scammed into paying fee’s before you receive the money.What should a hard money len...
Hi All,
Just wanted to introduce myself and say hello to the community. BP has been incredibly helpful and instrumental in my and my partner's learning process!
I am new to the world of buy and hold re...
This is AWESOME! You guys are going to love this.I applied at Bank of America (mistake 1) for a HELOC. I liked the option of interest only and a 10 year draw, etc. It makes for a cheap ability to keep money moving ...
I was approached via email an offer for private funding. The terms seem too good to be true. 100% financing. 100%LTV. Loan term 1- 5 years. Option to pay monthly or annually. No prepayment penalty. All funding upfront...
About to screen a tenant for a rental. In addition to asking for their credit report, employment & rental history and contacts, can I also ask them for 1 or 2 years tax returns to verify income?
Which would you prefer?On a 100k purchase...Option 1: 15% down + $41/mo PMIOptions 2: 20% downThe numbers would work either way. But on one hand, I' paying more interest/less principal and also getting a $41 charge, w...