Hello Everyone. Quick introduction, my name is Fong Lee as of now I am 24 years old. I am new to Real Estate Investing. I live in Saint Paul, Mn area. I have not done any deals yet but I do see potential in ownership ...
Long story short, I’m in a position where I want to sell a few houses to pay off the debt on my portfolio of real estate. I’ve concluded that my only real option here is to bite the bullet and pay capital gains. Does ...
I have a couple properties that I am currently looking at in my area and when I went to my lender to get preapproved heres sort of what happened. The lender pre-approved me for a certain amount based on a rent rate es...
Hello everybody!
I would like to understand the "de minimis" exception in SAFE act and Dodd Frank.
My understanding I can do three residential transactions with seller carry backs (I am the seller) per year without g...
Hi BP community, I'm a new investor looking for some feedback: there's a local SFH in preforeclosure and I met the owner in person who told me the reason was basically a misunderstanding: he skipped mortgage payments ...
Hi team,I recently closed on a 4 bed single family property in Jacksonville. My plan is to live in it for a year and buy another property afterwards. For the meantime, I'm planning to rent out the three rooms to my da...
Just starting to get into RE and started analyzing property. I created a calculator using excel and was wondering if there were any other metrics I should include or things that I did wrong or didn't account for or ju...
Hi all,
Please help me analyze this deal for a condo.
Asking Price: $43,000
Offer Price: $40,000
Down Payment: $8,000
Rent: $900 per month
Monthly payment with mortgage, insurance, HOA. ...
(This post was longer than I intended...)
My name is Michael Major and I, similar to thousands of others on BP, am interested in getting into buy-and-hold rentals. My area of interest is Northern Utah so my family ...
To start off, I just want to say I have read California civil code 1695 and understand the legalities around purchasing properties from those in the foreclosure process in California. What I do not understand is that ...