Riley C.
Opinion: Double Closing & More Money Down Re Future Debt:Income
Hi BP,
I'm at a point in my career where I'm about ready to reset and make a hard switch. Right now, I am in a very favorable position as far as income is concerned with virtually zero debt. I've been placing down of...
Thomas W.
Looking for advice on taking on HELOC + Mortgage
I posted yesterday, but want to be more specific. I’m hoping to invest in a buy & hold property using a HELOC from my primary home as the down payment. I am not house hacking.This means that’s I will get less favo...
Justice Lee
Offers for REO as primary residence
Hi! I have submitted an offer to purchase a property that is owned by a bank. There are several offers on the property but I believe I may be the only one trying to make it a primary residence. Will my offer receive a...
Benjamin Cowles
Complicated question on lease options and repairs
Suppose you find a seller willing to do a lease option but not interested in dealing with the house at all? How would you structure that as far as maintenance and repairs? As you as the sub lessor paying for all repai...
David Mazzarella
How are New York rental laws compared with other states?
Greetings BP community! We are currently contemplating a move from Houston to Syracuse, NY in order to benefit from the lower housing prices and decent rental market. Our plan is to house-hack for at least a year and ...
Manny Rana
Propety Tax - Taxable Value
Hi Everyone,A few months back, I closed on a 2-unit in West Village and this week I got the notice from the Board of Assessors in regards to the new taxable value on the property. I was expecting an increase, but I w...
Steven Parker
House Rich, Cash Poor
I purchased a single family house hack in Tacoma Washington February of 2020. Roommates have been covering the mortgage, so I've been able to pay off a lot of my credit card debts. I've been fortunate to benefit from...
Nic S.
DSCR/Creative lender ideas
I will be selling a SFH that will net $90k that will roll into a 1031 for a quadplex. The price of the quad is $525k. Is DSCR loan the most favorable product when I have 17% for down payment? Is there another loan pro...
Account Closed
Detroit Agents: Lazy or Scared?
Has anyone else -- investors, agents, owner occupants -- observed that many listings in the Metro Detroit area do not do an adequate job in marketing their properties?
Sometimes you'll see a proper Detroit ar...
Shane W.
Which states are landlord friendly?
I just heard on the podcast today that Illinois definitely isn't.Are there any others to avoid?This is going to be our first investment property so we're trying to make it as stress-free as possible.