Michelle Holmes
Refinance a Cash deal?
Hi there, I am a newbie in Houston and looking to do a quick buy and hold property to test the AirBNB model. I am looking at properties that just need a little lipstick and rouge and not the full blown BRRR....right ...
James Reynolds
Creative Deal - Need Advice/Expertise
Can someone please advise on the best way to proceed with a creative deal. I will try to be as concise as possible:-Owner/seller is willing to sell me distressed vacant property for 250k (numbers are hypothetical)-Own...
John Semioli
Using Equity in primary home to purchase STR investment?
My wife and I have a paid off home that will probably appraise in the range of $1.1M to $1.2M. Our Financial Freedom plan has us looking to purchase one STR investment home per year. (We purchase our first one last ...
James Palassis
HELOC then Refinance (without BRRR)
I've learned a lot about the BRRR stategy, and I have a question about the refinance part of it. My primary residence is paid off, and I have an open HELOC on it. Sometimes I come across deals on MLS (through my realt...
Alane Riccardi
Bidding on a Hubzu Home
Hi I was hoping someone could help me. I am new on here and have placed a bid on a property, ( I am currently the highest bidder which I see really doesn't mean anything) However, if I do get lucky and somehow win t...
Sreeni Guntupalli
Automatic Lease renewal
Hi:My tenant in Cumming, GA has been living in my townhome for the past two years. We renewed the lease last year for 12 months ending 3/31/2021. This lease has a provision that it is automatically renewed for 12 mont...
Brian Bellanca
Adjusted Basis of Rental Property?
Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
Account Closed
Pros/cons of a conventional loan to buy a flip?
After buying a few properties with my own money and no financing I have only been able to go after the little fish 30-50K range homes. Looking into getting an investor loan through my bank and take the money that I ha...
David Vaughn
FInancing question for multifamily purchase
I have looked at several deals on Loopnet many of which are assumable loans as a possibility. Many of these look attractive for the first 5 years of the note but then will have a very possible negative outcome dependi...
Brett DeVita
SFH qualify for 1031 Exchange?
I recently closed on a single-family home that I planned to renovate and rent out. But now I'm considering selling it and rolling into a larger rental property through a 1031 exchange. I want to make sure this qualifi...