Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
Honglian Wu
Buy a Fire/smoke damaged properties?
Good evening BPers,Help/ Advise needed :) Today we have run across a fire/ smoke damaged property, it’s off market, the owner has got paid by insurance company, he is asking ~195K, the ARV ~400K. it’s a very nice 2 ...
Nate Richards
New property, water thru wall during heavy rain, whats my respons
Hi, I just bought my second unit, a probate rehab & rent. It took me 90 days to fix it up and place a new tenant. Ive noticed that the basement wall seeps water during very heavy rain due to hydrostatic pressure. ...
Tony Jordan
New Member from Metro Atlanta ( Cumming, GA )
Hello everyone!My name is Tony Jordan and I’m glad to finally become a member of the BP community. Not really sure why it took me so long to do this, because I’ve been using this great site for several years and enjo...
Logan Reinard
When does a property become TOO distressed?
I’ve been looking for distressed homes that need some work to flip but I’ve walked away from many houses that need more than what I’m willing (or know how) to do. I tend to walk away if the house has some crazy weird ...
Jestin Sorenson
Investing in a new note
Hi guys, I'm a new investor.A guy I met at a REI here in Minnesota is creating a note and looking for $7000. That money is going to be placed in a Trust. He's given me an excel spreadsheet for a payment plan. I'm the ...
Clint Galliano
Thibodaux, La. SFR - First Deal, Second Rental Property
We ran across this deal on MLS. It originally listed for $120,000. I didn't think much of it at first because we weren't sure we were ready to purchase our first deal. A couple of months later, the price was dropped t...
Tony Karns
Need Advice on a potential deal
I am looking at a deal in Texas that is valued at approximately 500k. Its a duplex, currently leased at 1300/month. I have reached out to the listing agent only to be told that there does not appear to be any Financia...
Alden Ho
Should I rent or Airbnb my 3br 2ba townhouse?
Hello,I'm a current working professional who lives in a 3br 2ba in mesa az. My mortgage is $2000 and hoa $200. I'm thinking about renting my townhouse for around $2400/month or $2200. I would technically be taking a l...
Logan McCullough
New Military Investor Advice
Hello, I’ve been quickly becoming more and more interested in investing in rental properties, but I’m not sure if I’m ready to start or not. I’m 22 years old, Sgt in the Marine Corps, married, currently single income ...