Michael Lenahan
Shieff Tax Sale Assignment - Philadelphia
Hi All,I am hoping to get you advice on a property that I'm thinking of buying. This property is being sold as shieff tax sale assignment. Good deal on paper, but I'm worried about Right of Redemption. This is what I ...
Valerie King
FHA Loan for Non-First-Time Home Buyer
Is an FHA loan only available to first-time home buyers? (I may have inspired my mom to jump on the future investor bandwagon)She used an FHA loan on her first home many years ago, but that loan is no longer being pai...
Savannah Leigh
Wholesaling a 3 unit Bankruptcy in Scranton. 1500 income for 50k. But....federal Bankrupcy court?
Wholesaling it, I don't know how to account for/explain/justify the Bkruptcy court timeline. Heck, since I can't do a contingent offer (20% deposit, non refundable) I'm not even sure how to write the deal. That's my...
Adam Perez
Repair work and clean up after
So I turned my first home recently into a rental property as I just moved in to a larger home. I got it rented and they just moved in last week.Before I moved out, I purchased impact windows for this hurricane season....
Susan Capeta
strategy
i bought a house in 2011 that was at $200 and now it is at $500, i think the market is still going up. My strategy is to wait 4 years than sell it when the market is high and than wait for the market to tank and buy 3...
John B.
100k+ to Invest, what would you do personally?
Say you had 100-150k to invest right now (as a downpayment) in multifamily (2-4 unit) or even more..where would you invest? Or would you even? Taking into account positive cash flow, maybe slight appreciation, landlor...
Daniel C.
Improvements before or after “in service”?
Hi
I’m closing on a duplex next week. I’d like to replace the siding with vinyl. What different tax implications might there be if I do this before I place tenants, or after, when it is “in service”? I’d obviously li...
Chance Bain
Newbie. We our wanting to buy our first rental house
Hello everyone! My wife and I are looking to step into the life changing life style of buying our first rental house. Wanting to do the BRRRR strategy. What are some recommendations for banks and also pointers for us ...
Michael R.
BRRR Issues - Land Contract Refi Options?
Hello All,I purchased an SFR last August from one of my coworkers using seller financing with the original intention of flipping it. This was his mom's home which was owned in a trust, and they decided to use a land ...
Brad Young
Thoughts on Reasons NOT to do a HELOC for 1st Flip?
Hello BP! I've been thinking through ways to help beef up my cash reserves to purchase my 1st flip, and have been seriously considering opening a HELOC. Since you obviously don't pay anything (other than smallish pape...