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Results (4519)
Damon J. Structuring mortgages around 4 property rule
29 August 2012 | 13 replies

Hopefully you can help me undertstand something in regards to the 4 unit rule. Here is my scenario:

1) Primary Home - $300K mortgage
2) Investment Home - $100k mortgage
3) Investment Home - $100k mortgage
4) Investme...

Julie Groth language in Wholesaler contract
17 December 2015 | 9 replies

I just had this happen which is why I'm posting this. Had a house under contract with seller. Then, had my investor buyer under contract. Seller backed out. My buyer understands. BUT...made me think that I needed lang...

Robert Hidrogo I have 2 friends that are having a hard time buying a home, is this an opportunity for a new investor?
30 June 2015 | 7 replies

I have 2 friends that are having a hard time buying a home, is this an opportunity for a new investor? What I mean is, can I help them find and buy a home and also help myself in investing in my first property? I know...

Daniel Yoo Paying out to Agents for wholesale deal
21 September 2010 | 8 replies

Hey BPmembers, I'm a newbie to both BP and REI. I've got my first deal in the pipeline.

Found this deal on the MLS using a Realtor.
3/2/2 - 1628 sqft.
List Price 79,900.
ARV comps are coming in at 104-105,000.
My rep...

Ayana Mingo Creating an llc and selling llc for reo wholesale
19 April 2013 | 11 replies

Can someone walk me step by step to creating a llc and then selling the llc for a wholesale deal?

Shaun Callais Turn Primary Residence into First Rental? Help Me Decide
24 April 2020 | 9 replies

My wife and I are in the process of doing a cash-out refi on our primary residence in Utah. We owe about $129k and the house is valued around $290k. At 70% LTV I can borrow $73,500 at 3.125%, 30-year fixed interest ra...

Jack B. Tenant claiming electrical issue that is impossible, suspicious
6 August 2020 | 3 replies

Right after moving in, they claim a single element on the kitchen stove being on is causing a bulb to burn out in a bedroom but magically not trip a breaker. (I lived in this house for 4 years including just a few mon...

Michael Plaks 5-yr depreciation - for tax geeks
29 August 2020 | 6 replies

On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...

Therese V. Rental Property Insurance
22 March 2016 | 12 replies

My husband and I are shopping around for insurance quotes for our first rental property. Any suggestions as to how much coverage, what we need, how it works?

Thanks!

Clifton Ho Tenant is threatening to sue me over my deposit for withholding.
7 October 2020 | 10 replies

Hi - I have a bit of a complicated tenant situation. I rented  my house out to four roommates who all signed one lease. Three of them moved out this past Aug 30. However, one roommate decided to stay an extra month an...