I am thinking of purchasing a SFR in Oklahoma for $40,000. The property is owned by my mother and she is willing to owner finance to me with nothing down. The payment would be $425 and another $75 for taxes and insu...
Many of the properties I've been looking at - in lower income type areas - have a few registered sex offenders on that same street. Is this an immediate no? Would you still invest in that area?I would feel pretty te...
Hi BP Folks,I've been a podcast listener for some time, and have been working up the nerve to jump into investing. I live in NYC, which means that local deals (or even a primary residence) are difficult to come by. I...
Hello! I am a real estate newbie who is interested in STRs in well established vacation areas. I have been scouting the forums on the topic, listening to podcasts, reading books, and reaching out to BP members. I am t...
My dad and his wife recently passed away in February. And since then I was made the executor. They left behind a mobile home that their upside down on. They owe first mortgage $66000 and second mortgage $35500 and rea...
Hey everyone, I have a general question for you master landlords out there. I am about to buy a triplex and the situation is as follows:1st tenant month-to-month2nd tenant 3 months left on lease3rd tenant 6 monthsThe...
I’m looking for somebody that has experience renting a house of 10+ bedrooms on 1-year leases (or by semester). Essentially a privately owned dorm or fraternity/sorority house. I prefer to write my leases by the house...
I was doing a little bit of reading up on the BRRR strategy blog post by Brandon Turner here on BiggerPockets. I'm slightly confused on the refinancing aspect of the strategy. I'll use his example to demonstrate:Let's...
I know that most of you HIGHLY recommend doing a 1031. But I am currently in a situation that I am just considering paying the Capital Gains Tax and be done with it. So I want some differing opinions.
First off, th...
Hi,
We've purchased a 2 unit fixer in cash as an investment but can not get a loan for remodeling it even though we have equity in the property. We own a primary residence on which we make mortgage payments. The re...