John Dean
Seller Financing / loan servicing
Hey all!
I plan to sell my SFH rental. But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank ...
Dawon Irvin
Budget-Friendly Flooring Options for Rental Properties
Welcome to the ultimate guide on choosing budget-friendly flooring options for your rental properties. Flooring is a crucial aspect of any rental, balancing durability, aesthetics, and cost-effectiveness. Let's explor...
Nicholas Reyes
Credit report nightmare...help
Hello everyone,
So I went to a bank to have a pre-approval done and I was denied for serious delinquencies. I had 2 collections on my report which were paid 1 1/2 yrs ago. I also purchased my primary residence about ...
Justin Hennig
Does a HELOC affect debt/income when applying for conventional loans?
Considering a HELOC on primary residence for further real estate investment purposes...would this affect a conventional property loan application since it is "secured debt" or mostly just affect credit scores?Any help...
Antonio Bodley
How risky is using balance transfer checks from business credit card as a source?
How risky is using balance transfer checks from business credit card as a source of funding to invest in cash flowing apartment complexes? If I was to do this, should I already have property lined up ready to invest i...
Audrey C.
General Contractors Fees for Building a New House
How much are the typical contractors fees to build a moderately priced home from the ground up and around $300K selling price? What is the % and if so, based on what? How do you give incentives like profit sharing, ...
Shiloh Lundahl
Investing Using Credit Cards: Good or Bad Idea?
When I got home last night I opened the mail and, like most other nights, received several credit card applications. Here are two of them:I have successfully used credit cards such as these in the past to buy real es...
Deborah Tuck
Lease option vs seller finance
I have a property apx 50% lvr. Bought with a private loan from my dad. Habitable, but needs some rehab. I hate being a landlord, need some cash up front, but want to look longer term than wholesaling or flipping.
My q...
Doug McLeod
Quickbooks - how to add previously acquired asset and accumulated depreciation
Hi BP folks - any Quickbooks DIYers out there?I just started doing Quickbooks effective 2014 and got some help from a bookkeeper to do the journal entries from the HUD1's to add the rental house assets I purchased thi...
Gilbert Gomez
Wholesale land in Los angeles???
can i wholesale land? previous house was knocked down in a los angeles community. Loan balance on the property is $37,000