To be more specific with an example, with the "bank rule" of only lending out 4 mortgages per person, if I had $300k cash in the bank and took out a loan on 4 $40k properties, would you be done at that point bank loan...

Does the amount of equity a homeowner has in their property affect my asking price? 

Hi! I am interested in knowing when a home was last bought and at which price. It would be great to also know the date on which it was bought. Is this information accessible anywhere? Maybe through MLS? Should my agen...

Does a properties tax assessment value = the appraisal value that the bank will loan against once it's seasoned?

Hello BP friends, I have a seller who is open to doing seller financing on the purchase chase price of 3 separate duplex as a portfolio deal. However some of the units need some work. Any suggestion on how I can struc...

Hi all,

I was reading the following article [ARTICLE REMOVED BY ADMIN, AS YOU ARE REQUIRED TO GIVE YOUR CONTACT INFO TO VIEW IT] on buying foreclosed homes and I was looking for some advice. I...

I'm not clear on what is categorized as expensesLet's say I purchased a property for $515,000 and put $35,000 into it.20% down and pay 3% on a 15 yr loan.Property Tax is around $10,500 a year.Repairs come to $3,000/yr...

How do banks and/or investors value a portfolio of duplexes in different locations w/in a city? Since individually they wouldn't be valued based on cap rates, but as a portfolio (i'm assuming they would be)?  I have ...

In purchasing for BRRRRs, our bank provides the loan with built in cost for rehab.  So my question is, do you report the cost of the roof to your CPA when you are reimbursed from the bank for such, or wait until rehab...

So i recently just put a property in another state under contract for $75k to be assigned. The ARV is about $150k and about $22k in repairs. After I sent contract to title The seller tells me that that there is a pay ...