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I am currently stepping into the world of "house hacking" and trying to calculate my potential cash flow on an owner occupied duplex financed through a 203k. I have a list of potential properties that i am going to se...
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I have a property under contract. It is an REO. Initially, we were to close in the beginning of February. Then it was pushed back to last Wednesday. In the meantime, I had my insurance agent secure a vacant dwelli...
I'm a reluctant real estate investor (I bought a rental property next to my house not because I want to be a landlord, but the previous owner agreed to sell for a low, low price, and I wanted to control the house next...
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Hi BP,I realize again the importance of avoiding over-leveraging especially in this unforeseen recession crisis. I thought I would never leverage more than I can handle (pay them all back) in the worst situation, but ...
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As the title says quite new to the world of real estate. I’ll try to keep it short and too the point. I would like to purchase a home from a family member in the next 6 - 8 weeks. Home hasn’t been appra...
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I'm currently looking to invest $25-30k in either 2 rental properties or purchase a house and flip it in NE Ohio. Both options I would need to take out a loan. Being new to this I wanted to reach out to see what you g...
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Hello BP Community!I wanted to thank you all for helping me think through all the steps that are required prior to jumping into RE investing. Based on my research and your input, I've narrowed down my targets to: Ohio...
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I finished my first flip, listed it and the next day got an offer that I accepted. We are meeting today to go over the sale but I’m not sure my next steps? He’s using a FHA loan so I know there’s a couple more hoo...
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Happy Sunday BP, I have some questions about about partnerships. What legal steps do I have to take to form a partnership in terms of financing. I want to invest in SFH. What would be a good partnership arrangement?
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We have 2 duplexes in a LLC. We recently bought the second duplex and put a lot down. So there isn’t a lot left for unforeseen expenses. I haven’t ever paid myself anything as I was always trying to put away for any e...