If I give money to a flipper to buy at trustee's sale, he wins bid, tells trustee to title in his LLC, I get note and deed of trust from his LLC same day, I record deed of trust, he gets trustee's deed let's say 15 da...
Hey BP fam,So, I’m in the home stretch to having the savings I want to get my first property. I’m going to be using a FHA loan for either a triplex or 4 plex. I use Credit Karma to look at my credit score and they off...
Good morning folks. I currently own 15 single family homes. Out of which 5 are fully paid (which are about 1 Million) and I have 10 homes which has mortgage on it. All of my loans are conventional 30 year loans. As y...
I have been aging an LLC for a few years. I want to start buying property. how many properties can I safely have under the LLC and seperate myself from liability? Should I have the LLC as the holding company of sev...
I got my credit scores from myFico.com. My scores are as follows:
TransUnion: 773
Experien: 778
I called one of the business credit companies because I am thinking of obtaining a business loan and the manager told m...
Investment Info:
Single-family residence buy & hold investment in Prairie View.
Purchase price: $110,000
Cash invested: $155,000
The house was a reverse mortgage foreclosure purchased as a 4/2 wi...
My husband foreclosed on a property in Texas and entered a legal battle to remove the borrowers. The borrowers sued my husband for wrongful foreclosure (but that's another story).During the time my husband *thought* ...
I am 23 years old and I am starting over with my credit. When I was 18 I was married for a short time and owned a condo. Eventually that ended in a foreclosure. It's been about 3-4 years since that was reported on my ...
Investment Info:
Single-family residence buy & hold investment in Beaufort.
Purchase price: $120,000
Cash invested: $300
2 bedroom, 1 bathroom, 1026 sqft SFR.
Currently rented for $1,250/mo.
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I'm sure some of the BP veterans here have some great stories to share.
I'll share some creative paper deals in a bit.