We just received loan approval on our first investment property! We still have to sign and record the transaction, but we should be closed by the middle of next week. It is a duplex that we will live in half and rent ...
This is a brief overview of how I went from a family business employee (with 7 children), only earning 60k/yr, filing bankruptcy in early 2016, to someone who will be completely financially free 18 months after I purc...
Investing in short-term rental (STR) properties and using the STR Tax Loophole is one of the few tax strategies that can save physicians with a fairly high W2 income 6 figures in taxes without working full-time in rea...
My wife and I are approved for a VA loan to owner occupy a property up to $500k but I am losing out to all cash offers. Work history is over 3 years on my job, 10 on hers for the same doctor, my credit score is a 720 ...
What is your best method, tool, resource for finding deals in todays climate? One of the biggest challenges I hear today from investors is finding deals (the right deals), what are you doing to overcome this hurdle?
A loan made to an individual or a business can be secured by real estate or real property. This is also called real estate lending, or trust deed investing. A trust deed is recorded, putting a lien on the Title to the...
For rental payments, I have been using erentpayment.com, but due to the issues that have just surfaced regarding fraud, I need to find another vendor. In short, for those who haven't been following the discussion, a l...
This seems to be a pretty popular topic on BP these days so I thought I'd add to the wholesaling/marketing discussions. A little background and then we'll move on to the details.
Background
I started my journey in No...
Hello all,
A couple of days ago I saw a 2nd position note offered for sale with the following parameters:
Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...
Hey folks - so I have a property in a lower-income part of town and almost every tenant who applies has a pitbull. (The animal, not the singer!) Anyway - tenants today know the game. They just need to say "it's a serv...