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I am trying to buy a SFH investment property, but have hit a major snag. I have $35,000 for a down payment but it was a gift from my parents. Lenders are telling me gift money cannot be used as a down payment for inve...
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I've posted many times about my house in Redding, CA. It's a 4600 sq. ft. house with 2500 Garage/shop building that has full kitchen, bathroom. I am converting it to ADU unit for additional legal rental income. In add...
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Hi BP
We’ve entered almost our second full year of self managing our properties, and by far, placing the right tenant in our properties is the most stressful part of self-managing in my opinion.
We live an hour each...
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It’s kind of crazy how the economics of things always seems to even things out. One demonstration of this is the concept of ‘barriers to entry.’ I remember when I was back in school and this was just some busi...
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I am trying to rent a property in Baltimore,MD to a section 8 client.I am trying to figure out what all needs to be included in the contract to cover my base as a landlord.If someone can give me tips or a sample lease...
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Hello BP! I am new and hope I am posting this in the correct area. I found a 7 unit hip pocket deal. It is in a really great area but needs work. Price is 275k and units will rent for $1000 with some TLC. So the cash ...
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I searched the forums & found many situations involving private money, but couldn't find any like this. How is private money classified/structured if there is nothing being asked for in return - no returns or int...
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I have two properties (a duplex and SFH) a family member is offering at deep discount, he needs to short sale. They are in Miami & I'm in WPB so, too far away for me to use VA or FHA as an owner occupant. Neither...
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Here's the deal: I have an inherited property with a brother and a sister as the heirs. However, their uncle is the executor. I have everyone verbally agreeing to sell me the house at 60% of ARV, with very minimal r...
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I was doing a little bit of reading up on the BRRR strategy blog post by Brandon Turner here on BiggerPockets. I'm slightly confused on the refinancing aspect of the strategy. I'll use his example to demonstrate:Let's...