Account Closed
How to save for investment property with debt & tips for buying?
I recently read Rich Dad Poor Dad and decided I wanted to pursue financial freedom via REI. I am a 24 year old who graduated college with about $30,000 in student loan and pay-day loan debt and will be acquiring abou...
Jack Seiden
2024 Real estate market predictions
One thing I've been trying to do yearly is predict my local market (DC/Baltimore). Even when you are wrong, I always think it's a good exercise to figure out how to think about your local market (where your blind spot...
Andy R.
Applying for mortgage - What paper work should I prepare and how?
Hi everyone,I've been watching the market and saving for a down payment for a couple years now and I'm getting to point where I might be ready to start making offers on my first duplex or triplex in Southern-Ontario.W...
Marsharen DuPont
How to collect rent when house hacking and renting rooms
Hi BP family,
Just a quick question. I'm in the process of searching for a home to house hack and will most likely be in the position of renting out rooms since duplexes/triplexes/quads are hard to find in the area. ...
Mike Bloom
Can I use bridge loan for downpayment for multifamily apartment?
Is it possible to pay for a down payment on a multifamily apartment using a bridge loan? I don't have enough money to buy a 15-unit apartment in Texas; I only have about 15%. I had the notion of using a bridge loan ...
Account Closed
Percent of ARV for rental property
I've been looking at a rehab project for a 4 unit multi-family that I intended to hold. After looking at values of surrounding buildings in the area, I'm not sure the ARV is going to be as high as I expected. I was cu...
Mel Hayes
Moving to electronic rent collection
Hi all,First I have to say, finding this Forum has been a life changing experience for me and I'm just so excited so my apologies if I'm asking lots of questions. I inherited a tenant who has been getting their rent ...
Clifford Adikuono
Forcing Positive Cash Flow
Hi
Is it unwise to force positive cash flow by putting in more down payment into a single family home that im thinking of buying?
Mark Ainley
Appliance Repair Chicago and Suburbs
Hey all, I am looking for an appliance repair person or company we can add to our vendor list. We have a few great ones already but need some more to account for some of the volume. If anyone has someone on the nort...
Dmitriy Koval
HELOC non-owner occupied at least 80 LTV?
Hello BP, Has anyone had any luck lately on the non-owner occupied HELOC that does 80 LTV?Looking for someone that does have interest only period. Cannot seem to find any with those requirements. Property is located i...