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Before the 2007–2008 mortgage meltdown, getting a conventional loan was much easier. If you could prove you had income on your tax returns whatever the source (1099, temporary positions or non full status employee pos...
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Hi!I purchased my first rental property for $610k (duplex) using an FHA rehab loan. I also obtained a private money loan with an 11% interest rate to fund the rehab in the amount of $65k. The income from the rental ...
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I’ve been contemplating real estate investing for some time now. In my current situation I have approx $131k in equity in my current home. I’ve been researching my options to invest this equity to buy my first investm...
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HI everyone! Thanks for taking the time to read my post and any advice would be much appreciated!
My wife and I live in Round Rock, TX a suburb of Austin but I work in Houston during the week, currently I'm using Air...
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Hello everyone,This is a beautiful deal that I'm doing in this current moment. I've bought a land in Calabasas, and I'm constructing a house. I intend to keep the property and recoup my entire investment + more.Here's...
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Hi BP. This is my first post. I have seen a couple questions similar to this but can't find the exact one so I'll go ahead and ask it:I'm looking at making my second rental purchase for about $60k, which with tradit...
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Good afternoon, My name is Petronella Kerssens and I hope you are able to help me with the following challenge I`m facing. We lived in Florida for 10 years and are US citizens. We moved back to Europe 4 years ago and ...
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Hi there,I am new here and a newbie investor. I have one primary and one investment property. My investment property is for short-term rentals; not my first rodeo at hosting, but my first time losing money. I am curre...
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Hi BP Community, I need some feedback. Currently, I have B & C properties, 8 doors and 2 renters are struggling to pay rent and a vacancy. I've used up all reserves in 2022 for the vacancy, maintenance, and late r...
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Hello all,
What are your thoughts on this:
Our primary residence is currently worth approx $250k.
We currently owe $170k.
We are looking to explore the option of using a home equity line of credit to fund our ...