To give a little background I recently took a 5/20 year balloon loan (if I understand correctly) where the loan amortizes at the rate of a 20 year loan but after 5 years the balance of the loan is due. Basically what ...

This is a great topic, I think we can all benefit from creative ideas. Multi family comes to mind. In a economic downturn people down size. They move from there homes to apartments to cut cost. I would say make sure ...

Hello everyone, I hope everyone's investments are going according to their desired plans. I am having a tough time understanding this seller finance strategy someone shared with me. To summarize, I'm looking to acquir...

Hey everyone! Just had a question regarding LLC formation and what you guys think is the appropriate way to approach this. My brother and I have just gotten an offer accepted on a home. We want to form an LLC but are ...

I’m under contract for my first rental...and it’s actually a portfolio of a few single family homes. I based my offer (426k) off a loan with 20% down payment with 3.75% interest rate over 30 years, but the bank came ...

Hello BP!I hope everyone is doing well, this is my first post to the forum,( hopefully I’m able to post) .I’m looking to make the leap into REI, I have since been pre approved for an FHA, @ $225,000.so I’ve beeen shop...

Hello All,

I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...

 I am very new and  looking to do a house hack for my first property. The problem is that I live in Upstate New York. Every decent looking duplex I find costs over $200,000. When I do the analysis I find that the prop...

Hi BP!I bought and rehabbed a property back in July 2019 and I financed the whole deal with my HELOCS. The property rented out after a couple of days on the market and I'm trying to do a cash out refinance so I can pa...

First time poster here:I have operated a consulting business for many years and recognize the need for contracts, 1099s, etc when hiring subs. However I recently becam a landlord and we need an Air Conditioner install...