Tim Sipowicz
Primary residence as a rental
I’ve been told twice now that using my primary residence as my first rental property would be a good move. I’ve thought about it and I’m starting to agree, I would just like some feedback on the approach I want to tak...
Norm Chrostowski
Qualifying questions
I have been getting calls from my ads and mailers. While this is good, I can't help wonder if alot of these are a waste of time to even go look at. I mean, you can certainly get an idea of one's motivation by asking c...
Allen Scoging
How much negative cashflow is tolerable?
The obvious answer is zero - it's a suicidal strategy! But, here's the full story:I live in SoCal and currently rent but have a down payment saved and ready to buy. Unfortunately, property prices are currently detache...
Account Closed
Step by Step for Documenting Seller Financing
Forgive me ahead of time for any seemingly obvious questions that I ask about this topic. I am unclear of the steps that need to be taken in order to legally take possession of a property through seller financing. I u...
Marcus Nickson
What are the pros ans cons of owning a property free and clear
Hello Fellow BP Members,I'm currently educating myself on multi family real estate investing. I would like to develop a portfolio of 100+ units in the next 10 yrs. I'm currently saving up to purchase a duplex in 2017....
Crystal Tynan
Heavyweight Realtor commission fraud
I am a real estate agent and up until last week, I was working as an 'independent contractor' doing marketing and providing real estate assistance for a top real estate agent. When I gave my resignation, as her market...
Luke Mccandless
Bay Area FHA triplex sanity check!
I am fully underwritten for an FHA loan to buy a 2-4 unit property in the bay area up to $550,000 ( possible higher depending on the income of the other units).I am considering a place in West Oakland, currently a sli...
Aaron Bry
Keep or Sell SFR in California?
Hi guys. I purchased a 3 bed, 2 bath SFR in Sacramento, California (Elk Grove area) in March of 2016. I joined BP a few months back and have been learning a lot and lately have been questioning my decision to buy this...
Karan Nanda
BRRR Strategy
I was just reading a post by someone and he mentioned the BRRR strategy.I like this approach but have a question on the refinance part of it.I am still a beginner and the idea i have so far is to buy a rent ready prop...
Timothy Asp
Violating the Due-On-Sale Clause: Risky or Worth It?
This is something I've been thinking about quite a lot now that we're in a high(er) interest rate environment, and I'm interested in hearing from the BP community on what they think. Disclosure: Not a mortgage broker...