BP,I searched the forums last night but couldn't find the answer. Some have asked this question in some form or another but here goes again.PRO: I want to pay cash to get the deal and close quickly. CON: Because I use...
Hello, I’m an investor from Wisconsin. I purchased a home via “Subject to”, I’m listed as additionally loss payee insured on sellers policy & of coarse I own the Deed. The mortgage is still in sellers name until s...
A large national bank has owns a foreclosure and is currently trying to sell it. I have submitted a couple very reasonable offers below there list price. However they keep coming back with "list price." The picture...
I do not have a lot of capital or close to 2 years in tax returns so i have been thinking of learning creative finance. what do you guys think are the best creative finance strategies? i really do not know too much ab...
Hey BP,
I would like your opinion on my financing options on a 4 unit property that is fully rented. I was originally planning to buy with a conventional 30yr mortgage, but then found out that I cannot use th...
I’m beginning to get messages from tenants who are in the service industry that have been laid off due to corona virus and can’t pay rent. Any suggestions on how to address this issue.
Hello! I have a few questions about purchasing an STR. It would be our first rental property. 1) should we form an LLC first? Or can we do that after the purchase? 2) STR insurance: I’m guessing we should purchase a p...
I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property. How do people work with the clause...
Hello everyone,I am looking at creating an LLC (2 partners) to buy my first property in the US and trying to find out costs related to accounting and tax returns.What is to be expected on this front ? I have a first o...
Hello All! I'm investigating on what types of professionals I need to assemble a team for a successful subject to and wrap around mortgages in Tennessee. I've been researching the subject to and wrap around mortgage...