Lucas Gunderson
New and Ready to Roll
Hello all,
I stumbled across this site and it rocks. I watch the flipping on tv all the time and think to myself, "These people have no idea what they're doing and they're making $50k a deal." I think I can do it. ...
Bazl Taliaferrow
1031 Exchange Down Payment Purchase
Hello - I am looking to do a 1031 Exchange and utilize all of the proceeds from the sale as a down payment on several new properties. Is this possible or will the new properties have to be paid in full, all cash? Exam...
James J Luka
Did my first BRRR analysis. Is this a good deal?
3 bR 2BA buying for $35k, needs $25k in renovations. Should appraise for $110K. Rent is $1100. Need to borrow $50k from Hard money lender, but plan to pull $70K out from the refi. Am I on the right track? sanity che...
Joseph Niedermeyer
Who keeps files on houses that you don’t own ?
For those of you that work real estate in one geographical location and focus on certain communities, do you keep records on houses that you’ve looked at, run the numbers and passed on? I guess I’m thinking that over ...
Hal Thompson
Negotiating with Distressed Property Owner
Hi Backpagers-I am currently in the process of trying to buy a distressed SFR from the wife of the deceased owner. The property is in pretty bad shape, and will need a lot of work. There is a first mortgage for approx...
Madeline Mishkind
Experience with tiny houses?
Do tiny houses qualify as trailers? Does anyone have any experience with the zoning on these or what it takes to set up a few?
David Friedman
Ethical to purchase property with "insider information?"
Hello BP members!
A little background on my question: My father and I do a large volume of transactions at our real estate firm. It is of utmost importance that we not only follow all of the laws, but that we...
Devin Otway
Househacking with Qualified Retirement Plan
Hi BP'ers,Does anyone know whether its possible to house hack (purchase rental property + live in it) with money in a qualified retirement plan (QRP?). I understand you have 'checkbook' control over the rental propert...
Erick Smith
First rental income purchase
I just started the purchase process for a 2 flat building in Chicago... I have a 203k rehab loan and was told that I need to find a license contractor to do the work... All of the major system are in working order...
Adam Worland
Does owner financing show up a credit report?
Might be a dumb question but if it doesn't show up that's an extra advantage, correct? The advantages are that it wouldn't affect your income to credit ratio? as well as perhaps not count as an official mortgage that...