Ivan Mares
BRRRRing on Owner finance?
If I had a seller who was willing to do owner finance and sign over a warranty deed and then tie it to a promissory note, could I then go to the bank and do a cash out refi to pay off the promissory note and maybe pul...
Alexander McConaughey
Struggling to decide to sell or not.
I have a property that is slightly cash flow positive. Originally I was thinking of selling it because there is a lot of capital in it, and I want to potentially use that capital elsewhere. The problem is I can't seem...
Tom Ashe
FHA loan and adding Units to 4plex
Hi all,I'm a first time real estate investor and I'm working on my first deal. I was able to find this off market in a HCOL area, and it's providing a couple of very interesting value adds.1) It comes with plans to a...
Kyle Pettit
Interest Only Loans: Pros & Cons
Hi Folks, I'm fairly new to RE investing and wanted some input on using interest only mortgages/loans. I currently have 3 properties under contract. Two of the properties I plan to sell within 1-3 years. The third is ...
Bernard Chouinard
20K worth it for Self Directed IRA?
I have a little over $20K in a old 401K. I was going to role it into a SD IRA but after talking to one adviser that works with SD IRA's she's telling me not to do it as its not much $$. I would like to this case tow...
David Rosenfield
Should I take a DSCR loan or pay cash on a 210K property?
Hi all. First time poster here but really need some advice. I'm under K on a 2 BR/1 bath condo in Myrtle Beach that I've spent several months looking for. It's a good deal: 210K and I'll at worst break even in 8-9 ...
Maxwell Jacas
PLEASE DISPROVE MY STRATEGY!!!.... I need critiquing...
Goal:
Retirement for my wife and myself by the end of 2020. (ie. $7000/monthly cash flow)Plan:
Purchase and Hold inexpensive duplex properties primarily in the florida area.Breakdown:
Year 1-savings and credit b...
Account Closed
BRRRR -vs- Traditional 20% down, buy-hold-rent with 15+% coc-roi
I was investigating buying a house to rehab. I found a great bargain and was was thinking about going the BRRRR rout but WOW!!! I have to be honest and say that scares the sh&^#@!!#t out of me. I DO see the benefi...
Justin Johnson
How should I utilize my self directed IRA
I have $200,000 I’m thinking of moving to a SDIRA. Can anyone give me some ideas how to capitalize and a good Custodian?
James H.
Mortgage paydown
Hey guys,
It seems most of the merit of a deal is based on the generated cash flow here on BP. There are those who are more speculative, but by and large cash flow is the main aspect and it is usually analyzed with s...