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What is the minimum amount of capital needed for someone who currently is not working, to purchase a commercial property, such as a motel, with a down payment of 20% and getting a mortgage from a bank, and being able ...
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Hey BP! Closing on a deal in a couple weeks, its a duplex I will be inheriting a tenant. My first tenant! Was thinking for rent collection of using venmo? Is that a bad idea? Thank you for any feedback!
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My wife and I own a SFH and a duplex, both house hacks. We currently live in one unit of the duplex and rent out the other. We have 2 years of reported rental income on tax returns for both properties. We are moving f...
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I'm looking at buying a small plot of land next to a major interstate. Part of the land is leased to a media company that operates a billboard. The current leasing contract is for another 3 years at $4,000/yr. The plo...
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Hi, we are new real estate investors. We just purchased our first property. The tenants are accustomed to paying their rent to the old owner in cash. This will not work for us. We would like them to use some form...
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I'm looking to be the general partner in a syndicate. When raising funds, do I need to raise the full purchase price amount of the property or can I raise the down payment amount and fund the rest through a lender? If...
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Good morning everyone! I am reviewing a tape, and there are a handful of "performing" notes that are in active BK. the tape doesn't state if its a chapter 7, 13 or how far into the process they are. Over the last 6...
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If I am trying to buy a single family home rental does it make sense to lower my cash flow in favor of a 15 year mortgage as opposed to a longer 30 year mortgage so that I can pay down the loan faster?
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Hello all,As many others in corporate America, I have some savings tied up in a 401k. I still have many years before I can retire and withdraw penalty free, but I was investigating and saw I’m able to take out a loan ...
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Hi there, I am two weeks into my FI journey and I recently found a savings (traditional) account I had forgot about and with it I have a couple of options: (1) forget about it again, (2) pay off my car, or (3) combine...