Samantha Derman
HELOC for Fix N Flip in LA
Hi all, looking for advice before I pull the trigger on a HELOC on my own home. My goal is to use the money for fix n flips. I definitely qualify for a good chunk, but trying to decide if it's better to get an interes...
Bryce Penner
Sell, Rent or Refinance!? What would you do?
What would you do...
The house is located in an excellent neighborhood, huge development recently took place across the road. We had purchased one street away right before the project began. Currently about 3/4 of th...
Jonathan Tea
Los Angeles: Newbie trying to make the numbers work.
Hi all,Like many other desirable areas across the country, I'm having difficulty finding a property where the numbers make sense (1%/50% rule).The closest that I've found are in class C neighborhoods, near Inglewood.H...
James Pegues
Rental income consideration for traditional finance
I still have a few things to square up before I start looking for properties but recently learned that traditional lenders will only consider rental income after 2 years of being a land lord. I was at a real estate me...
Alex Buffone
Seller Financing Note over 5-10 years
I recently was brought a deal in the same location as two other properties I have near a major university. The seller needs to sell her house (divorce) and is willing to hold a note for a part of the purchase price. S...
N/A N/A
MGMT of Multi-family R.E. - investor moving overseas
I am a new R.E. Investor who is just starting out and who plans to buy multi-family apartment bldgs in the New York City area. The problem I have is that I'm permanently moving overseas at the end of the summer. Altho...
John Asher
Being asked to provide proof of rental payments for DSCR loan
I am applying for a DSCR loan and am now a renter myself. I’m being asked to provide 12 months of cancelled checks in addition to a lease to prove that I’m renting. Providing a copy of the lease makes sense but havin...
Vic Vega
Pay more to buy and hold?
Hey Everyone!So I'm new to real estate and have a question. I'm looking to flip but am certainly open to buy and hold/rent. To me it seems that when looking at a foreclosure that it makes sense to pay a little more if...
Sergey Tkachev
My first Yellow Letter potential deal - downtown Sacramento
I wanted to share my first yellow letter potential deal and get feedback from you guys on this scenario...I received a call in regards to a yellow letter I sent about 3 months ago, the caller is a close friend of the ...
Michael Scott
Hello from a newbie
Hello BP community,
I had several recommendations from people on reddit/insta and got to reading "Rich Dad Poor Dad". This book was a light bulb moment for me, and I realized i am a fool for letting my money sit in t...