Hi all,I'm closing on an investment property in 3 weeks and have run into an issue. The lender is requiring that I have an insurance policy with rent loss coverage. The property is going to be vacant initially as I ne...

Wanted to get people's opinions on whether I should take out a HELOC on my home or seek to obtain 'hard money' as the downpayment for an investment property.  If I go up to 90% debt on my current home I could pull $40...

Been working on this one for awhile. wifey and I took a walk in out neighborhood and saw a house with a sign on it. contacted the agent, it happened to be in a redemption period. their price was set at 93k. i used to ...

I came across a great opportunity. A property with 6 apartments upstairs bringing in a decent amount each month and 4 store fronts on the main floor. Many more details; but my actual question is the current owner is a...

I am looking to purchase real estate in Columbia SC.  I am an out of state investor.  I contacted an agent and explained to him what type of properties I would like, where i would like to purchase etc.  Shortly therea...

I am thinking about just living on my rental income and not be employed by a company. However there is the question of health insurance. Since I don't qualify for Medicare, the alternative would be to obtain Health In...

Hey everyone! Okay so I’m thinking about getting some properties in the tax sale (Texas) and was wondering if I could flip a tax sale house or do I need to rent it out for 2 years before I’m able to sell. I keep heari...

Hello BP,I have been working on my credit for a while now and finally got a good score. I want to see where I stand when talking about qualifying for a loan. I inquired at a local bank and also quicken loans and they ...

It is always recommended when purchasing a vacation rental to ensure that it can be used as a long term rental in case regulations are changed. Do beach markets lend themselves to long term rentals? We are considering...

My bank said that a 7 arm rate would work very good for me. The rate is 6.8 now and will stay the same for 7 years then it will change every year based on the rates. What is your opinion on this? I already have a ho...