Here I sit, working a Master Lease Option on a 60-unit. It's a decent deal: $50,000 to hold it for 3 years. It's mismanaged and has upside. Needs a minimum of $300,000 to get it from a C to a B. In other words, I will...
Hello All,
This is only my second post so I hope this is the correct forum. We have over $20k in high interest credit card debt and the payments are keeping us cash strapped every month. We are just starting to look...
Just out of curiosity, how many of all your properties do you have a mortgage on and how many do you fully own? Mainly talking to buy & hold people, but flipping would also be welcomed, and really any type of REI ...
I bought my first rental property earlier this year. Cash flow after I move out (house hacking) and renovating should be 200-300. 30 yr fixed mortgage @ 6.625% with about 76,000 left. Over time, I'll end up paying 96k...
What are peoples take on setting up a corporation or something along those lines for their investments? Up to this point we have done it through our personal accounts. Are there any benefits to setting up a corporatio...
Hi, first time posting here. A little story about me is, I am unmarried, and late 20s. I was fortunate to make about $750k this year and next year the expected salary is $900k. I have a 1.2M house with 25%-ish equity,...
As another test of the new BP file vault, and to give back to the BP community, attached is the spreadsheet I use to evaluate single family house rentals.
In general, the red colored fields are th...
Hello everyone,
My story makes me a little sick to think back on and retell, but it’s mine and I’ll claim it if for no other reason than the satisfaction of the difference when I’m free.
I grew up in a rich home but...
I have a few questions regarding subject to transfers. How likely is the Due on Sale Clause to be triggered? Some things make it seem like that never happens or extremely rare. And if it is triggered what happens?
I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...