Bryan Faust
FHA Multi-Family without living in it - Partner
Forgive me if this has been discussed, I couldn't find anything on it. I have a great tenant who wants to buy a house next year. He's never done any rental work or investing, but he's very interested. I'm wondering...
Mike Lynch
Help with understanding purchasing homes
Some of the Real Estate YouTube channels are telling everyone that if you have $300,000 and you owe $300,000 on your home, do not pay it off...... Use that money and put down $50,000 each and buy 6 more homes........ ...
Jawad Ashur
Triplex (4 units) Cash Flow Analysis
Hello fellow BP'ers
I ran some numbers on a property of interest in small city in Southern Ontario with 4 separate units listed at 500K. Per the posting, the building has been updated this year including all the big...
Zaki Kaddoura
The Millionaire Working At McDonald's
This is a motivational passage for all entrepreneurs who are working low end jobs.Do you dream of financial freedom. Here is a plan of how to obtain it even if you are working at a minimum wage job. Well the formula i...
Julius Dixon
Recent grad saving and frustrated
Hi BP
I hope all are having a great day! I am about two years out of college (graduated in 2016) and I’ve been learning / teaching myself about real estate investing each day for about three years now. A good chunk o...
Eric Perez
Heloc on Rental
I have a property that was purchased owner financed with a Deed of Trust in 2011. I subsequently moved out of the area but kept the property. A family member moved in and pays the PITI. So essentially it’s a rental no...
Eddie Borio
Explosive Rental biz -Lessons Learned with dishonest partners
Investment Info:
Other other investment in Cedar Falls.
Purchase price: $350,000
Cash invested: $100,000
Sale price: $5,000,000
This was a Real Estate holding and building company that I invested...
Vivian D.
Double closing, or sort of
Hi everyone,I have a (complicated) question regarding double closing, foreign investors buying and selling properties in the US, and beyond.Due to our current situation (long story), we cannot afford to have extra i...
Michael Hayes
HELOC as Down Payment on Commercial Property
I've seen many in different forums, but still trying to find an exact answer on this. I know a HELOC can be used as the 25% down payment for a residential property, but how would a Commercial Lender view using a HELOC...
Laurie Isabell
Estate Auction Flip; total rehab and stage
Investment Info:
Single-family residence fix & flip investment in Bainbridge.
Purchase price: $48,000
Cash invested: $50,000
One owner estate auction purchase. Really good bones, but major need o...