I'm working on my first deal to buy a duplex using HELOC for down payment. I'm wondering what to do with the cash flow: what is the best stategy for preserving my liquidity ?My first idea is to just pay down the HELO...
Hey BP'ers,I'm still working on securing my first deal, and definitely taking my time trying to make sure my first buy is actually a deal. I found a 2 family that has the potential to have a good amount of cashflow. ...
If you had $20-30K to invest in a real-estate related venture in 2013, where would you put it if your goal is to create reliable, ongoing cash flow in the near term?
When purchasing real estate, do you guys usually use the standard contract that the Realtor uses (working with a Ruhl and Ruhl agent right now) or do you use your own contract? I have a contract that I got at a Rich D...
Sort of an interesting problem, for me at least. Hopefully it is a really easy answer and I am just overthinking it.Rented out a unit to 3 people, A, B, and C. They all signed the lease with a $700 security deposit ...
I currently have the mortgage of my townhome i own in my name, and is currently my primary residence. I plan to turn this into a STR/MTR in March 2023 fulltime. My lender was not clear about what would happen if I tra...
Hi all-hoping for some help on this one. We have a SFH rented to a young recently married couple for the past 7mo. They have always paid on time. The wife has a great credit score (700+) and always makes on time pa...
I have a new rental that will be in service in a couple weeks, and ready for renters. I am going to try my hand at accepting section 8 tenants, which will be a new experience for me. In my other rentals, my income req...
So bear with me - I'm no expert and am simply trying to help instruct others but also educate myself if I'm incorrect on what I know. I've been reading up today on a bunch of forums including this one and see WILDLY v...
Ok. I Recently closed my 1st deal on 2 SFH's with a conventional loan. I wanted to transfer the properties into an LLC but my attorney says that technically it's against the clauses in my loan to transfer the loan to ...