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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...