Thought I would try to kickstart this forum with a success story. A mortgage broker brought us a loan request last month for a refinance of two auto collision properties in which the existing mortgage balance was mor...
Greetings everyone, I'm new to the site and to real estate investing. I'm 39 and live in Yorktown Heights, NY where I own a house with an accessory cottage which I rent out. I guess you can say I'm house hacking. My "...
Hello Everyone,
I will be closing on my 1st investment property (a duplex) next month in Attleboro, MA and I am looking for a property management company to manage it. What companies do you recommend who service this...
Good afternoon!I am wondering if anybody has some insight on homeowners insurance that is not going to break the bank. I am moving into a 3 Unit Multifamily property that i am closing on relatively soon. I am shoppi...
Hello to all,
For the past year I've been studying REI books, listening to BP podcasts, lurking on the BP website and so much more.
It's now time for me to move forward and determine "farm" area for buy and holds.
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I am looking to do a cash out refinance on a property that has a lot of equity into it. Probably gonna pull out $75K. What are the tax implications on a cash out? Is this taxed like a regular income, capital gains, etc?
Hello BP community. Just closed our first rehab deal 13 days ago. We got a few bids and decided to use contractor referred to us by wholesaler who also does several flips in the same area. Prior to closing on proper...
Hi,
Today I spoke to one of the Attorney/portfolio company which offered a free consultation to talk to me about LLC strategy and ofcourse understandably also as a sales call to get me as their client.
Basic Struc...
Hello everyone, pretty recent member here at BP with lots of questions about the 203k loan from the FHA. I was wondering how long the process it is to get started with the loan approval and everything. Im looking into...
Hi BP,We have a retail spot available and there is this couple who have been showing serious interest in leasing it for a restaurant. Here is the dilemma:2 persons will be on lease. The husband, and a partner. It i...