Brittney Lundeen
Jacksonville, FL- Areas to avoid
Hi all! I'm a newbie born and raised in Minnesota, looking to move to either Jacksonville or Tampa in the next 6 months. My plan is to purchase a house for myself, live in it for a year or so and then rent it out. Any...
Eric Liebich
Can I Avoid Probate Proceedings?
Hi all,I'm working on a wholesale deal in Cook County, and I'd certainly love any input from anyone that has experience with similar deals. Details below. Thanks! - Lead came in through a postcard mailing. The person ...
Nikki Garcia
Avoiding the "Are you crazy?"
In the beginning, when mentioning the thought of RE Investment, I am sure everyone here has recieved that blank stare into space or the long pause before someone says"Are you crazy?" or "you need money to do that". W...
John Cantu
Should I Avoid This Lender?
Hey BP,
A lender reached out to me with what seems to be an attractive loan program. 1-15 year terms, 6 percent starting rates, even 100 percent funding. Only thing that made me hesitate was he requires a 20 percen...
Lauren Cooper
Avoiding Capital Gains Tax Strategy
I just sold the house I'm living in for a large profit. Because I lived there for 2 years, I avoided paying capital gains tax on it.I found another house that needs updating that I want to live in for 2 years then sel...
Aaron Sauer
Avoiding HELOC early closure fees
Let's say someone has an interest only line of credit secured by investment property, and that line has a $100k limit at 5% (using round numbers for easy math). Bank pays closing costs for the LoC, but borrower is re...
Jesse Rosale
Newbie mistakes! What to avoid?
I’m sure this has been brought up a thousand times but here we go.My name is Jesse and I’m from San Diego, California. I’m starting out and want to eventually become a landlord. I want to eventually own apartment bui...
Jason Parks
Tips To Avoid Housing Bubble
Buying a a property is like buying a business. Nobody wants to pay too much for a business that generates only so much profits. Similarly, we need to think rationally about a property from an income approach, just lik...
Alfred Bell
Avoiding violation of usury laws.
Considering making a 6 month loan to a flipper for a property that he wants to keep as rental (he will get long term financing later). I've been told one can't loan above 10% for a consumer loan unless it is done thro...
Jak Dadi
Areas to avoid in Sacramento???
Hi,
I am still on the hunt for MFH in Stockton and Sacramento. Is there anyone out there active in Sacramento? What areas would you suggest I avoid?
Also, how does one see any success with short sales. I have made d...