Jake S.
HELOC vs Cash Out Refinance on Primary Residence
My home is fully paid for and I'm looking to use the equity to purchase more properties.Should I get a HELOC or just cash out refinance and lock in a lower rate?HELOC is more flexible, but is interest only and doesnt ...
Aaron Tiffany
Limitations on future financing using BRRRR
Hi all, I'm new to BP and have been assertively listening to podcasts and reading BP sponsored books over the last couple of months. I feel I have a good understanding of the BRRRR strategy, how it works, and the sho...
Seth Lipper
Opinions on First Property
Hello BP people!As you can see, this is my first post and I am new here. I certainly wish I knew about this website earlier on, but better late than never! I recently purchased my first investment property, a 3 family...
Account Closed
Deposit requirement for a new lease
Hey guys, question regarding the hold deposit for a new lease. I'm requiring the first, last and security of 1 month for a new lease. I think that's pretty standard. One thing I don't know is, do people require yet...
Michael Hoss
Just acquired a property with tenants, evaluate and questions!
Hi everyone, 1st of all thank you for your input.I just acquired a 1978 3-2-2 house in a hot area of DFW worth about 140-145K for $114K in Cash after closing.Property comes with tenants paying $1080/month with 2 year ...
Adam D Rinehart
First BRRRR Deal to be buy & hold as a student rental property.
Investment Info:
Single-family residence buy & hold investment in Prairie View.
Purchase price: $110,000
Cash invested: $155,000
The house was a reverse mortgage foreclosure purchased as a 4/2 wi...
Alejandro Flores
Area's value increasing, help with ARV!!
So I got this house and right now the ARV is at 130k (now)(3beds/2baths) but in less than a month or in a couple of weeks, the value of the properties in that area are going to increase a lot. The reason why a lot of...
Al Kirk
Mortgage Note Arrears
For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...
Michael Bell
Investing in Parking Lots & Garages - My story so far
Greetings BP,
I wanted to share my parking "activities" within the BP community since I see this a pretty obscure topic. I have made strides to help another investor find deals as well as take my own down. I wrote ...
Richard Jackson
Mobile Home Parks Tenant Laws in FL - Frank and Dave Pass on FL
I was looking at MHP's in FL and read on one of the forum's in BP that FL tenant laws were generous to MHP tenants. I also remember that Frank and Dave do not buy property in FL. Are the tenant laws in other states a...