Nathan Trotter
Not sure best way to buy Moms house
My mom owns a home in McKinney, TX. Current loan outstanding is 190K on 3% interest. House needs updating but resale value is around 350-375k. She wants to sell the house to move closer to me and her grandkids. She’ll...
Michael Johnson
Seeking Open Minded Skeptics
Ladies and gentlemen, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an incredible short medium and long term play.
Before I begin there are a lot of very sp...
Austin Walters
Can You Provide Input On Deal Structuring?
Hey BP,I have a friend who I am helping and he is considering buying a 4 plex property for $119k but the current owner has a loan outstanding for $114k. The seller had mentioned he is open to owner financing and that ...
Chuck Redman
FHA 203B / 203K residence requirement
I understand these loans can be used to finance say a duplex and you can live in one and rent the other.
My question is this requirement for the life of the loan? What if 2 years down the road you decide to move to ...
Nathan Hui
Single Family Conversion to Duplex with FHA 203k Loan
In my local market I have found that good small multifamily homes are difficult to come by. Naturally, I began to ask myself, can I use a FHA 203k to convert a single family home with a basement (unfinished/finished)...
Ariel Goldenberg
Earthquake Insurance
To all bay area investors out there an inevitable question: Do you protect your investment with EQ insurance?I've been using an EQ policy for the last year and considering should i continue and renewing my policy. EQ...
Stephen Bagnani
If I loan Hard Money, what Returns are Acceptable? Outstanding?
For simplicity sake, say I loan 10,000 to a borrower. What total return should I expect, realistic and Best Case?And what term lengths?What have you experienced?
Chris Friberg
FHA/VA/USDA Loans
My fiancé and I recently purchased a Tri-Plex in my name only with an FHA loan. Our goal is to purchase our next property with my VA, then a property with an FHA in her name. A couple questions:1. Will banks conti...
Michael Johnson
Seeking Open Minded Skeptics
Ladies and gentlemen, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an incredible short medium and long term play.
Before I begin there are a lot of very s...
Account Closed
Value Add Renovation Tips
I am looking for some funding tips for the renovation of a newly acquired apartment building. Is the best practice to take another loan, bring in more partners etc?