Hello,I am finished with my first rehab and the home is now under contract. Thankfully, we will make some profit but I have learned something about contractors: they always OVERpromise, and they UNDERdeliver.In our sp...

My financial advisor had this to say in regards to the question of whether or not I could (without penalty) use funds in a self-directed roth IRA as a down payment on an investment property. I have no reason to doubt ...

My closing on a flip house is being delayed due to "corona virus". The buyer is telling me its been difficult working from home so its going to delay the closing on his side. This seems like a bit of a BS thing and MY...

My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...

Hey guys just some quick questions.

I am looking to buy my first duplex which I will rent out one unit and live in the other. I will be going for an FHA loan 3.5% down.

#1 - What I'm wondering is if I were to borro...

Hey guys, as mentioned, I'm fairly new to the REI world. I decided to try and put together an example deal for a property in my city (Los Angeles). This is a simple rental property calculation, but it comes back looki...

We live and have rentals in northwest suburbs of IL. Our tenants have lived in one of our rental houses for 1 year and 3 months. They are responsible tenants, always are paying their rent on time and keeping up the pr...

I was contacted by a conventional lender through BP. I checked their recommendations and they seemed legit. The loan officer certainly was very helpful and responsive at first. In retrospect, I think he was eager to s...

I got a property under contract with the seller on Saturday, August 22nd. COE on the front side PSA is "on or before September 21st". The title work is back and clear so we are ready to close on Monday, September 14th...

Looking to rent one of my 2 bedroom units and a couple with an interesting situation applied and I wanted to see what some you of thought of renting to them.  The husband was recently laid off from his job and is curr...