Andrew Swaim
almost done with rehab
hey guys my contractor is almost done with the renovations. I am going to walk through the home and make sure he has done everything I have asked and that it looks good. is their any other step i need to take before i...
Cam Jimmy
Under writer issues
I currently own (I have a mortgage on it) and live in my single family home. I would like to "house hack" into a multi family building. However I was asking questions to a couple lenders and all of them tell me that t...
Richard Simms
Brokers tell me an equity loan is not an option?
I've recently wanted to get into real estate investing but I've spoken with two chain brokers (Aussie and Lendi) who have both told me that I can't get an equity loan out. One just told me I can't with no further info...
Jason Malabute
MET GARY LIPSKY LAST NIGHT
Last night was an extraordinary evening for me as I had the privilege of attending a meetup where I met the renowned author of "Best In Class" and the esteemed Syndicator Of The Year, Gary Lipsky. His insights into re...
Anton Bachuk
Holding a flip long enough for avoid higher taxes in PA?
I am looking to get my feet wet in real estate and found a property that is in need of renovations in western PA. One thing I'm trying to figure out is just how quickly can I flip it. From what I understand any profit...
Sean Cavanaugh
Bank of America didn't approve us for refi!!!!
Evening professionalsNeed some answers! I purchaced a primary residence on 2004 at the high of bubble for 385,000 in RI. We put down 80,000 down payment and financed 305,000. 2 yrs later we got a 2nd mortgage out arou...
Mike Hartzog
Purchasing a Note with Term Errors
First things first... Happy New Year everyone! I hope your 2015 is off to a good start. I have a hypothetical scenario for you to ponder. Let's say you are looking at purchasing a performing note, but after doing t...
Femi Salami
How to design my rehab and select materials?
This might be a dumb question, but I'm at the rehab portion of the BRRRR process and I'm stuck on how to actually go forward with the rehab. I'm currently looking into general contractors, but are they going to help m...
Chi Zhang
Material participation while managing renovations at a remote property
Hi BP, I’m in the process of renovating and setting up my first short term rental. The property is about 3 hours drive from my primary residence and I go there once or twice every week to work with my contractors to c...
Peter W.
Housing Hacking with Second Home Mortgages
My wife and I are considering getting a home closer to her family to stay in for extended periods and holidays. The current option that we are looking at is buy, live in 1-2 months of the year, convert to MTR or STR...