Jinyu Shao
What are my financing options besides conventional loan?
Hi all! I have some extra cash that I want to invest in real estate. I don't have enough to buy all cash, except in some C, D areas. I want to use as much leverage as I can, so I want to explore my financing options. ...
Scott Forbes
Capital gain on sale of principle residence
I have a question regarding the IRS exclusion of taxes paid on the sale of a principle residence.Here is the scenario: Tenant has been renting a condo for 7 years and it has been their principle residence.The landlord...
Wesley Clark
Correcting my own mistake
Hello BP!I fell into land lording a few years ago when I moved out of a duplex I purchased due to job relocation. I now own a duplex out of state and have recently purchased my primary residence.Basically I purchased...
Bob Romano
Keep upgraded Items before Renting out
Hi Folks, I just closed on 3br , 2bath SFH and it has a lot of upgrades. Such as a garbage disposal, underground sprinklers and an alarm system. My question is , would you take these items out or make them un- useable...
Steve Vaughan
Another commercial mortgage bites the dust! (with stats and pics)
It's kind of with mixed emotions that I satisfied the mortgage balance yesterday of an 11 unit mixed-use asset I've had since 2003. Saying good-bye to something you've had that long - even if it's debt- is weird :) ...
Josh Koett
Need Help! Question for Realtors
I want to fix and flip a home. Specifically add-a-level to a single family and upgrade the initial first floor. If the home purchase price is 300k and the ARV is 450k, would a realtor agree to waive the 3% buy commiss...
Brad Clarizio
How do you stay motivated?
Recently, my rentals have been kicking my butt. I am up to 11, the highest I've ever owned, and in parallel, my career has gotten busier than ever (I work a full time job where significant travel is involved as well)....
Account Closed
Refinance Primary Residence to Fund Downpayment?
We have been in our primary residence for 8 years and, after a call with the bank, I can access around $125,000 of equity. Assuming 25% down, I have around $500,000 of purchase power. This would be accessing around 50...
Allen Scoging
[Calc Review] Help me analyze this deal: Negative Cashflow!!
So I ran the numbers on a recent sale as it's the type of duplex I want to buy and house hack, to see if its feasible for me to actually do. There are several properties with near identical floor plans in the neighbor...
Elvija Haxhaj
BRRRR Method For Land Contracts
Hey! I’d like to know how to apply the BRRRR method on a land contract deal. The home I’m interested is in the historic district of Ypsilanti, Michigan. House is in living condition but the caveat is you can’t do a ne...