Dennis L Lewis Jr
What Would You Do With $15K-Starting Out
Thanks to a family friend I have $15K to use towards my first real estate deal. I was thinking about using the money to fund a house flip to hopefully bring in a large enough profit to pay back what I borrowed and h...
Wen Guo
Bank account got frozen and deposit rent later?
Dear BP people I'll need your help on this-
I just purchased a rental, the tenant came with it. He works in hospital as nurse and seems to be a nice guy, he does has a bankruptcy history (home got foreclosed a few yea...
Samantha Soto
How to pay for repairs
Hi Everyone,I'm a newbie, and am investing out of state. We are close to closing on our 2nd property, and are using more of our savings to pay the downpayment and closing costs. During the inspection, we found the t...
Michael Ming
Seeking Advice: Managing Tax Obligations and Property Down Payment
Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...
Crystal Harris
Junior Tax Liens
In February 2024, I purchased a tax lien from Nassau County NY. A few months later, I received a notice to redeem letter from a 2019 tax lien holder. The owner has until November 29 2024 to pay the 2019 tax bill or th...
Eric Hathway
How to provide proof of funds to seller when I have line of cred
This is my first BRRRR. I'm offering cash on a foreclosure and the seller wants proof of funds. I have a home equity line of credit which I set up for this purpose with a more than sufficient limit.Should I provide th...
Brian Ma
Compounding Interest Question
Hello,Which makes more interest?1. Putting all available funds into a 3.3% compounding account?2. Putting aside a portion of available funds into a 4% compounding account?Thanks for your input!
Joseph Svehla
Toms River NJ Flipping
Hello! I’m a contractor in the Toms River area and I’ve been itching to flip a house, the only thing is I’m not great with the technical side of things and don’t have the funding. I’m confident me and my guys can do m...
Evan O'Brien
FHA Loans for condos
Hello, are FHA loans able to be used to purchase condos? Or are only specific types of loan vehicles able to be used for condo purchases? Any information that would be able to be provided would be greatly appreciated!
Casey Conti
Use wholesalers lawyer?
My husband and I are purchasing our first SFH rental in cash from a wholesaler. As the Assignee, should we be using our own lawyer, or is using the wholesalers lawyer sufficient. I want to make sure that our best inte...