Jason Young
Advice on next move, ..how to scale
Hello BP Fam,I'm trying to figure out how to scale to the next level and seeking out advice. I bought a Condo with cash in 2016, I put in $25k worth of repairs and I've rented it out for 4 years now. The returns have ...
William S.
Seeking Example: Unsecured LOC to buy rentals
I've reached the point where I'm out of personal funds to get 20% down. I've heard/read people that are using LOCs to fund their deals, yet no specifics.Can someone provide an example with numbers showing how they use...
Jaromy Emery
Sell my only Rental?
I have one side of a duplex that I rent out. I used to live there personally until I moved to a single family home about a year ago. My problem is that I have some debt that is making my financial situation very tight...
Jordon Mayo
How do you make a living off REI
So after analyzing deals and looking at profit made and how much of a down payment I could afford after x amount of years in my first property, I am just not seeing how, “30 doors in 30 months” or 100 doors by 30” is...
Rafael Martinez
Should we start a cancel mortgage movement?
It seems the government have no concern for mom and pop investors. With the CDC extension of the eviction moratorium until June, it seems their only interest is protecting the banks. There are tenants refusing to pay ...
Ken T.
First real estate deal as a lender
Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
Jeff McNamee
Tax Implications for Rental Property With First Time Homebuyer Loan
Hi all- I have a condo I rent out that I originally obtained through a first time home buyer loan. Well my lender sent me a letter because they noticed this isn't my primary residence anymore and the loan states that ...
Natalie Kolodij
How did you buy a multi family with 0% Down?
I know it's been done before- I want to hear how you've done it! I would ideally love to get a duplex for my first property- however neither the USDA 0% down loan nor the Washington state first time home buyer 0% down...
Camille Johnson
Obtaining Private Money From Actual Private Lenders?!?!
I am a bit frustrated and hope this will be received well. This also may be somewhat lengthy as I just need to vent some. I have a 15 yr background in account management/outside sales. My husband (a Chiropractor) an...
Monica Young
Should I use a 401K loan as a down payment for a rental property?
My husband and I are thinking of using a 401K loan as a down payment on our first multi-family rental property. We may or may not live in it as well. We both work full time and we'd like to use all of the cashflow to ...