I'm buying a house from a guy who already vacated the property. He wants us to pay the mortgage ($600) a month while we are remodeling the house, and when we sell the property to pay off the remaining balance of $74K....
I know it's difficult to estimate in a spreadsheet due to so many variables but for people have flipped houses AND who invest in 1st position NPN, which results in the best overall after-tax ROI? I know the first res...
Hi everyone, first post here hopefully I am not breaking any rules. I am 20yrs old and started investing in the stock market 6 years ago. I ultimately hope to reach a point where I am a real estate investor living off...
Are you landlords relaxing your screening criteria now because of job losses or uncertainty during Covid? Or do you essentially NEVER relax your standards, no matter what the sob story?
I was looking for investing and I recently read an article about investing in real estate and in that article it was written that in upper class area's of the town where the price range of the properties are $140,000-...
I'm thinking ahead a bit, and I had a question about doing a cash-out refinance.For some background, I bought a buy-and-hold rental for cash; it included two houses: a 3/2 in the front, and a separate studio cottage i...
Hello everyone,I’m under contract on my first investment property using hard money. My plan has always been to do a standard cash out refinance on the ARV but am thinking of putting a spin on it. By making it a studen...
Hi BP,
I recently told a contractor I would like to hire him for a proposed flip to strictly do the work, have worked with him before and he has a great track record and is a trusted vendor. He asked some questions ...
Hello,
We have found ourselves in a terrible situation. We moved out of our home to do a large renovation and rented a house for us to live in. When we were supposed to move back into the renovated house we bough...
Hello all. I have owned a duplex since 2021 and have lived in one half and rented the other. I have ~$100k in equity and have a 3.2% interest rate. Mortgage is $1700, other unit is rented for $1250 but could be rented...