I recently bought a REO home that is occupied with a tenant. I am wanting to move into the property with my family, but it is currently occupied with a tenant. The house was foreclosed upon by the old owner back in ...
Hey, I’m new to BP and I think I want to get started in wholesaling. I’m a bit confused on how the contracts work. How do I sign two different contracs and have them interact to make me money? If anyone could clarify ...
So say I get a 9 month $45,000 hard money loan. $27,000 for purchase $18,000 for rehab and the ARV is $70,000.Where I am confused is that with the refinance, I would cash out at $25,000 and then be paying back a $70,0...
I am about to close on my first rental condo which is currently vacant and am shopping around for insurances. I am confused with the landlord condo insurance. The insurance agent tells me that if the condo is vacant (...
So we are looking to turn the half bath on the second floor of our house into a full bath, so we can turn that into a separate unit and house hack. We had a contractor come over to evaluate the job. He did not take an...
Good evening ladies and gents,I am confused about basements. I was hoping that someone could let me in on a couple things.Like, what makes a basement 'finished' compared to a basement that isn't finished? And how mu...
If I buy a house for 50k, put 100k into rehab, then sell it for 200k with 6% agent commission, do I actually make a profit? Or do I just get back my original 30k?
Deal:
Money Out of Pocket: 30k (rest is financed)
B...
If I purchase a 5 unit commercial property with cash and I then take a home equity line of credit against it, are interest rates on that money normal HELC rates? Is that one way I can a solid paying a 7-8% commercial ...
Seller owns a property free and clear and will entertain keeping the mortgage in place for 3 years. Seller wants tennant buyer to get a mortgage within that time. Seller wants me to walk away once I get my deposit f...
Hi Everybody, I'm new at the wholesaling process and I'm taking action step by step. I'm in the Las Vegas area and went down to Clerks Office, pulled a few probate leads, and sent out a handful of letters over the wee...