Tim Morales
Loans for improvements
I am planning on taking over my mom's house. I was thinking of starting an LLC and making my mom a member so she can deed over the title to the LLC. Then, I was hoping to take out a business loan to make repairs on ...
Luis Rodriguez
Two issues with my tenant...
My wife & I have a single mom with three kids upstairs. The mom is over all the time. We've even seen her in her PJ's multiple times. My wife has an issue with her being over all the time since it looks like she ...
Adam Hays
BRRRR refinance down payment
I've been studying a lot about this strategy but haven't been able to find an answer to this question:
When undergoing the refinance step in the BRRRR strategy is there a 20% down payment requirement or is the equity...
Richard Trayer
Taking Care of Mom
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $372,500
Cash invested: $240,000
This was a custom remodel for Mom. She now owns a SINGLE level 4bed / 2bath / 2car...
Alexander Krasuski
Looking for Class A-B neighborhood around Phoenix
Hello All,Thank you in advance for the help!My mom is considering moving to Arizona where it is warmer than up here in Michigan, (in Metro Detroit Josh Dorkin).She's looking for a middle class neighborhood. Can any Ar...
Mitchel Gendelman
Should I Buy My Mom's House?
Hi BP Community,
My mom wants to sell her house, and it is a pretty sought after town in my area (Blue Bell, PA). I am 23, live elsewhere and rent-free, and am looking to get started with REI, but by house hacking i...
Gamal R.
Tenant has poor credit
I allowed a tenat with past bankruptcy to rent an apartment. Did not think much of since she had all the monies to move in. But now im worried should I.
For future can I ask for higher deposits for people with poor c...
Maria Marrero
Am I making enough return on my investment ?
Bought a small beach cottage cash last year for $153k. Currently getting $1800 rentMy yearly expenses areTaxes $5666Insurance $1061Boiler contract $240Misc $500 My question: am I getting enough or should I sell it? I ...
Account Closed
Tenant Wants to Sell His Property and Buy Property He is Currently Renting
A few days ago, I received a call from a person who is both the sole heir and administrator of an estate. His mom's ex-attorney is also helping him navigate his way. He wants to sell three properties that belonged to ...
Aaron Dubois
Trying to replace my mom's income with short term rental income.
My mom had a stroke in April which has eliminated any possibility of her ever returning to her extremely stressful 7 job. She is still technically employed and earning an income while she still has sick hours, and she...