I recently formed an LLC solely for the purpose of real estate investing. Question is, will a bank lend to my zero asset entity based on the facts of a real estate deal alone? For example, if I find a 75% occupied mul...
I found a duplex for 48,000. 1 bath/1bed both units are renter for 375. I asked the owner if he would owner finance he agreed but he doesn't own it the bank does. Is it still possible for me to move forward? Is it a g...
Hello Everyone,I'm in the process of buying a cottage on Cape Cod and wondering if I should bail out with this pandemic. It is typically a great area for weekly rentals near the ocean, but I am concerned about what t...
So I just bought my first rental. Obviously Real estate is a huge wealth building tool. This is probably an irrational fear but my worry and the worry other keep bringing up when putting down real estate is what happe...
We are just now realizing the value of having renters that work in ‘essential’ businesses. That along with owning free and clear SFR rentals means we just might survive. Most of our rentals are mobile homes on private...
Hi BP,My family of four (two are pre-schoolers) is making strides to move to the Huntsville, Alabama area. Besides it being a beautiful area with lots to do, my wife has family in Gurley, Alabama and I am hoping to fi...
Hi,
I have been searching for a conventional loan product that would allow for purchase and rehab cost similar to 203k. Looking for 5% or less down and I would owner occupied one of the units. I am familiar with 203K...
Considering buying a duplex in Philadelphia, PA and went through the financial requirements with a lender and was approved, but now the Realtor and Seller wants me to fill out a BFI form. Is that a requirement in PA?
On another topic here at BP, there has been discussion of the Professor Robert Shiller comment that when discounted for inflation, real estate value in real dollars is the same as 100 years ago.
Whether or no...
I'm looking at a 3/1 that fell out of contract due to the previous buyers financing. I'm considering putting in an offer of $40k. This house is in good shape with new wiring and partial new plumbing and a brand new ro...