Marc M.
Good Credit Score, but High Debt-to-Income Ratio! Should I rent to them?
Hi Folks...I need some BP advice:I am managing a rental property for a family member. I found a person who wants to rent the place (and thanks to BP forums, I used MySmartMove as many people recommended)....they have ...
Charisse Ryan
Heloc came back from the dead
Ten yrs ago I was in financial ruin and filed bankruptcy and I lost two rentals in the bankruptcy. It took me a decade to claw myself back but I now have a good job, rebuilt my credit, and also managed to keep my pri...
Will Demps
Advice on Loans
Hello,
My brother and I received a house from our father (act of donation in june 2008), the house is a two family unit, estimated value of $70,000. The house is clear of any mortgages, liens (no money is owed for it...
Charles Henning
Am I too old to start?
I am 51 years old and disabled. My primary (and currently only) source of income is SSDI (Social Security Disability Insurance). My wife is currently unemployed, and has also applied for disability and her case is p...
Shaun Reilly
Retail Cash Sales
I was reading an article and there were some hypothetical situations and one of the things ended up being a pretty clean cash offer at ~$200K for a rehabbed house.
What I could not get past is that I just can...
Richard Yerger
Getting out of bad debt
Today I read a great book. Some may know it "The Richest Man in Babylon." I am a store manager for a pizza place. I make a little more then 50k a year and I am always broke. So today I figured out my low and high of m...
Jay Baxter
Hard Money and Private Lending Questions
Hello everyone, I'm a new investor buying in Birmingham, AL and I'm trying to get my financing sorted out before I buy any SFRs using the BRRRR strategy. I had a great conversation with a knowledgeable mortgage banker...
Michael Lauther
Purchasing an existing LLC in an IRA
we are currently discussing purchasing an existing LLC that has had an offer accepted on a REO.
we need to purchase the LLC because the contract is not assignable to my IRA.
...
Account Closed
Bought a 9-Unit as a Broke Law Student w/NO Money Out of Pocket
**This will be post 1/2. I will post an update w/pictures and final numbers after refinance**
Please read and let me know what you think of the deal!
I'm a 26 y/o full time law student in the DMV area who graduates ...
Sarah Lorenz
Combined purchase amount
If I sell an investment property for say, $500,000, using a 1031, can I buy two new investment properties for 200K each with 100K for repairs if it is wrapped into the loan?