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In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
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I have a pretty good job that I've been working at for many years. We have good credit and some money saved. I've listened to many of the podcasts on BP, ready many posts here and have learned a lot.
What I...
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The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
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Hi guys, How are you planning to finance your retirement?What income in retirement do you need?I used to think that if I have about 10 houses, each pays about 2k in rent or so, all houses paid off, lets say after all ...
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What cities do you all consider the best long term investments? I've had my eyes on western suburbs of Detroit and suburbs of Dallas TX like Fort Worth.
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Hello!I recently signed up for a real estate investing coaching program through my local REIA here in Connecticut. I am considering requesting a refund for my down payment on the program for a number of reasons:* Ther...
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I have a fairly steady rental property. It was a former home of mine. I lived in it for 7 years and it has been rented for about 6 years. There still is a mortgage on the property and it has a decent amount of equity ...
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Does anyone have any advice on how to get 100 percent financing on a loan for 1.5 million? I have a great business plan to purchase a local duplex complex. I already have one duplex that I have purchased recently tha...
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I am hoping for some advice from a seasoned group of people. I am currently looking at acquiring my first property. This is an off market duplex that I found while walking around an area I was interested in. I was abl...
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Situation: I've got this deal I'm working on where a shortsale was initiated by the current owner. The sales price ($37,000) was approved by the lender and we made an offer for $35,000 that was accepted. I got the...