I'm interested in a duplex-quad in the Los Angeles area. I attended a FIBI event and talked to an experienced investor about my idea of starting out with a duplex where I can live in one unit and rent the others. He s...
Hi BP Community, This is my first post and I need some advice. I am working on getting my second long distance rental and I'm short on closing costs. I'm in contract, the property is located in a small mid-west town ...
Has anyone had someone refuse to leave after their stay and or attempt to live in the STR indefinitely?
Hey everyone! Long time listener, not much of a forum guy but I thought you might have some good advice.Back story: Renovated my own house. Grew up in contractor family. Ready to branch out and invest like a saavy inv...
What do you think are reasonable rates and terms to charge private lenders I know. Giving them 1st position on a property where they will be lending no more than 70% of the ARV.
Hi All- The tenant was evicted in 2018, she says she fell I’ll buy repaid the arrears. I will be confirm that. For past three years, she is staying with relatives. He credit score is marginal. She has social sec incom...
Hey BP!
I recently got an FHA loan quote from a lender and the total cost down was a lot higher than I anticipated.
Here's some of the numbers
$140k property
3.5% down
Mortgage $980~/mo
Total money down $9,800~...
I'm considering using a PML and putting up a rental property I own out-right to buy another investment property for cash. It would be a 50% LTV. The lender would be the mortgage holder on the Deed on the propert...
I have an aging duplex purchased in 2012 with substantial gains and I'm considering cashing out to build a 4plex. Would this be considered a "like kind" exchange in the eyes of Almighty IRS b/c it's a new construction...