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I am trying to buy this portfolio of properties from this seller who is allowing seller finance. If anybody has any tips on the process...do I get the title company involved, do we write up a quit claim deed?
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Hi all,My name is Brian and I've been lurking around on these forums for about a week. I'm currently 25 years old and am making about ~130k in my day job. I'm located in New England. I guess my question to you all tha...
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Hi!I am looking at real estate investing to reduce my tax liability and generate passive income. I have a 401K plan which I have been maxing out annually. My company matches 4% of the first 6% contributed. I have use...
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I'm new to the real estate game, and I'm making a hard pivot in my financial strategy on where to allocate my money. All my life, my financial aspirations have been to max out my retirement accounts, but now I am tryi...
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Maybe I'm nitpicking, but I'm applying for a DSCR loan and this is the second broker that is marking it as "Conventional." They say its because there's no "DSCR" block (true) but why not mark it as "other"?? My conce...
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Hey BP communityI recently was introduced to an opportunity for purchasing performing and non performing notes (1st and 2nd position). I have little knowledge about it and wanted to know if anyone had good advice of ...
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Why do lenders sell mortgages?
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Hello all, I wanted to get some input on a FHA 203K backed loan. I have never used this type of loan insurance before and was wondering if anyone has or if this would be a viable option. My plan is to purchase a home ...
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Hi there,Owning a small portfolio of properties for buy and hold strategy, that gave me financial independence in Portugal, I made the decision to quit my job.Now, there is no income to declare as salary and so, banks...
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You can borrow up to $50,000 or half of your 401k, whichever is less, and pay yourself back the interest over 5 years at the most.Would these funds be allowed as part of the downpayment for a rental property?