Hello, I'm brand new to BP. I just started listening to the podcast, and very excited in learning from anyone willing to share. I currently own two rental properties, and my goal is have a passive income of $100k in 5...
Hi BP friends,What are your thoughts about buying a MFU house hack that initially has negative cash flow once it is occupied by tenants as long as I see possibly for cash flow in the future with refinancing for lower ...
Last year I opted to turn my primary residence into a rental and purchase a new primary residence. In the next year or so I’d like to acquire another single family rental property in my immediate area. At the moment h...
Quick question.
I'm trying to wrap my head around cash out refinancing. Can someone quickly walk through how this works? I hear a lot about refinancing a rental property to pull your initial investment out (in order ...
Hi BP!When it comes to turn-key investing, I'm aware it's generally frowned upon, because it eats up so much of ones potential income.That being said, I'm currently in a position where I have very little free-time, un...
As a junior lien holder, can I negotiate with the bank on senior lien to pay it off at a lower amount? Is this a possible strategy?
Hello, does anyone have experience with house hacking, apartment hacking or mobile home hacking in British Columbia. In the Vancouver area the houses are out of my price range for now, that's why im looking at apartme...
Hi, I'll make this brief. I have no assets but am planning a future in real estate. I research occasionally and build scenarios in my head to see how purchasing proprieties will result in cash flow. This most recent s...
I know this might be an odd thing to ask, but would it be abnormal to try and get a deal when paying off a mortgage? I figure it IS normal to submit low offers going into the deal, why not on the other end (the diffe...
Hey BP -I’m looking for some capital gains tax advice as I try to convince a seller to owner finance a multi unit property. From a tax benefit standpoint for the seller, is it more beneficial for him to sell at a lowe...