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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $110,000
Cash invested: $65,000
Major fixer, still deciding whether to rent or flip when complete. ROI will be huge...
Hoping I can get a clear answer on this. Thanks in advance.I am trying to get a 25% conventional mortgage on a duplex that costs $80K. The bank is telling me the down payment can’t be gifted. I have a substantial amou...
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I just read the article by Stephen Sorensen on the BP blog about vacation rentals. He made the following surprising statement:“So, today as real estate markets all over the country are approaching market highs, price...
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Hey guys,Thinking about buying a park that was built in the year 1940 and has 10 empty lots that are developed for a park model sized home. If there is enough space behind the pad to pour more concrete and extend, can...
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Hi everybody, I’m 18yrs old and am looking to start my REI journey within the next year. I am currently looking at doing a househack in a traditional SFR, in a 3x2 or bigger. I am wondering what this community thinks ...
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I've heard the end buyer tends to refi you out after 5 years or so.Anything to do other than give a fair rate at around ~2% above market?For those who use a prepayment penalty, what is reasonable? I was thinking 10% o...
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Hello BP Community,I've a situation that I'd like to get your thoughts and wisdom on.We have a rental townhouse that has a no pet policy. House has been on market for ~7 weeks with only 5 showings. We understood from ...
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This is my first post on the BP Forum and I am fairly certain before the ink drys most members already know the answer. But with over 20 years behind my belt in Real Estate Investing and Flipping the question is still...
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At what point would you no longer consider your empire to be a small business? I guess it would be different for everyone but would it be based on cash flow, unit numbers or gross/net worth?
I am a landlord of a condominium unit in Washington State, and the CC&Rs say, "Landlord is responsible for tenant damage to common areas and to limited common areas". A tenant of mine has snapped. She is being hel...