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I searched the site for some tips on this, but couldn't seem to find what I was looking for.In my mind getting the seller to carry a note on a property (to bridge the downpayment if possible or to cover the whole purc...
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Hi BP folks,I will be as brief as I can be and expand in subsequent comments as necessary. I am 25 years old, still living at home (with parents), college graduate (wonderful student loans), and looking to invest in m...
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Hi All,
I still can't seem to get a clear answer on exactly how loan forbearance will impact credit reports (not scores). I understand it will not impact my score, however, banks will see that I am in forbearance (wh...
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We are in a complicated situation and would like some advise. We carry a mortgage for a town home that is from a month to two months slow pay. They usually pay a late fee when they do pay. The owner of the unit is ...
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I have a single member LLC with a S-corp designation that I use for flipping. I am planning to keep one of the recent acquisitions which I bought using hard money. What will be the tax consequences if I refi this prop...
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I purchased two rental properties from a 74 year-old seller by assuming his existing bank financing. The title is still in his name for both properties; I am simply paying the bank on his behalf. My contract with the ...
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Hello every one how are you on this beautiful day/night ?Hope you are doing awesome !!So here is my question, Iam working on my business plan and most in the part of financing....I am working and saving money for my f...
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Investment Info:
Other buy & hold investment.
Purchase price: $425,000
Cash invested: $21,250
Purchased as Primary Residence. Renting out for the first 6 months, then will move into it next summ...
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Hey guys,So here’s the situation, the seller agreed to 75 down for his building under sub to. While talking on the phone he asked when he was going to get the rest of the money he put in the property, after I refinanc...
I’m interested in a vacant commercial building that needs a lot of work. I have pre-approval for financing up the asking price but I would rather leave some cash for renovation. Is it a good idea to put an offer and h...