Jonathan Bonck
Turn Primary residence into Rental and use Heloc to purchase second home
I have a strategy that I wanted to get your input on. I currently have a primary residence that is market valued at $360K. I owe about $260K. 6 years from now I believe it will grow really well in equity becuase I am...
Stephen Edwards
Converting a tenant to owner financed mortgage
I am wanting some pointers on why this is a good or bad idea. I offer my tenants a purchase option after 1 year providing they pay on time every month for 12 consecutive months. Then I owner finance the property for 2...
John Mestyanek
Hello from Dallas TX
Hello BP community, I've been busy soaking up BP Money podcast but was first introduced to BP by YouTube as I started exploring the world or RE Investing. I am a high school mathematics teacher in Dallas, TX, but ta...
Daniel Walker
Making $ on scrub land
I've been browsing cheap land in the SW(Texas, NM, Ariz). There's not much around, but it's awfully cheap; some less than 1k/acre. I'm not looking to live there, but wouldn't mind having some to hunt on a few tim...
Max James
What would YOU pay for this 4-fam??
I'm very curious to see how many different answers we get based upon these inputs:Current Rents: $590/unit --> $2,360 totalMarket Rents (from my experience): $650/unitAnnual Water Bill: $2,000Annual Energy Bill:...
Michael Stinger
Can you sell a seller finance deal?
$350k property, 8 unit consisting of 2-3 houses. 7/8 are rented for ~$2800, 1 vacant and 1 beauty salon is vacant. Max rent would be ~$3700/month. I've been negotiating with the realtor about a seller finance deal and...
Brent Hoover
rule of thumb for raising rent?
Is there a rule of thumb for raising rent from year to year when a tenant renews a lease?
Caleb Frazier
Book Recommendations(taxes and loan types))
Hello BP community! So I'm just starting out in REI and have been doing extensive research on how buying investment property works along with listening to the podcasts but for some reason have not been able to find i...
Patrick S.
Is this a good way to aquire buy and holds?
Hello there,I am a very new and hopeful RE investor. This forum has been a great resource so far.Here is the situation I am tossing around:Currently living in a highly desirable neighborhood, thinking about renting t...
Ethan Ross
Phantom Income- Equity Stake
I partnered on my first two deals this year. One I put some money in, the other I did not. I received equity for structuring and sourcing both deals. My CPA mentioned the potential for the irs to classify the equity a...