In 2021, I purchased 3 residential properties through a single land contract deal (2 SFHs and 1 Double). The sale was 121,400 @ 2.5% for 10 years. This breaks down my mortgage payment to be around 1,200 a month, with ...
I was wondering if there was someone who has insight into how you can essentially become the "bank" for Pre-forclosure homes? How the process works, what all is involved, and the pros and cons? Or, if you just want ...
I am trying to navigate the fine line between what is legal and not...lets say you have a multifamily property, and one family is responsible and clean, while the other lives in a disgusting pile of crap inside your u...
Hello BP Community
I have a question and hope to get as many answers and opinions as possible.
Has anyone registered an LLC but elected to be treated as an S corporation? I have read about this in many sites and a...
What is the downside to buying a property subject to an selling on lease option? What must one do to protect themselves by doing this?
All, looking for some advice on what to do
Primary - 725K at 2.875%- 30 years -70% LTV
Rental - 215K at 2.5% - 14 years left - 35% LTV
With the state of affairs, it is basically no cash flow on rental with all exp...
Market in northern Virginia has been HOT. Prices have been up-up-and-up all around, but we lucked out and picked up two really good deals in northern Stafford and Spotsylvania this month, both for sub 100k. Not flippi...
I've been a landlord since 2005 and in the time, in spite of some bumps, I've enjoyed the proves of acquitting properties & providing quality rental units. The bumps have consisted of moving folks along, either b...
In the spirit of holiday gift-giving. How many of you here give gifts to your tenants and why? TIA
Hi everyone,
I have had multiple offers from family members to go in 50/50 on a house.
These would be all cash flips.
Sounds great having the backup but does this ruin relationships if things don't go as planned?