I'm in the process of securing a quadplex with an FHA loan. I need to analyze different home insurance quotes. I will be renting out the other units so I'm assuming I would need renters insurance/landlord insurance? D...
Looking for recommendations for an expert attorney who can setup and IRA owned LLC for the purpose of purchasing tax lien certificates and tax deeds in Florida.
Hello BP! Long time reader, first time asker here. I own a few low value properties free and clear (between 15-40k) and I'm looking to see if there is any financial vehicle I can use to refinance all of these so that ...
Hi everyone my name is Justin Brown, I am 28 years old. I live in Arizona, from Chicago and served our country in the US Navy. I am interested in multi family rentals and house flips. The first deal I want to do is a ...
We are looking at doing a conventional loan for a property we placed an offer on. However, our lender is requesting an answer to the following question, "Where did the large bank deposit come from?" What would be an a...
How does one go about lowering capital gains tax from the sale of an investment property?Some context: a relative bought a duplex as an investment property back in 2012, and are planning to sell it.They don't live in ...
Can anyone here share any innovative strategies for growing seed capital towards your down payment more quickly?
Should I be concerned that opening accounts (credit card, checking, savings) for a business could affect my personal credit score? I have 700+, but it could lower my chances of approval or increase my interest rate fo...
Scenario: An REO foreclosure lists for $400k on the MLS. The property appraises for $800k. Will a mortgage lender give me an amortizing loan at 75% LTV (i.e. $600k), based on that appraisal, to (A) purchase the proper...
Investment Info:
Single-family residence buy & hold investment in Enid.
Purchase price: $80,000
Cash invested: $12,000
A small 1950s house that has been added to over the years, more than doublin...