Bad tenant. Went through eviction process. Got property back needing about 25k of work to sell. Wife wants to sell. I could fix it up to rent again and have a $350 a month positive cash flow. Owe $80,000. If I put $25...
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Hey guys I fixed and flipped a house and made a profit. Are there any documents I should be gathering from the closing company and filing on my tax return? Or do I just report the amount of profit?
So my neighbor text'd me stating that my fence in the backyard fell down due to a random woman running up his driveway and when she tried to escape she tried to climb over his metal car fence but then kicked over my o...
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I'm getting ready to purchase a four plex and was set to acquire a 30 yr. fixed rate loan. A mortgage broker is trying to convince me to acquire an interest only loan stating that I can leverage my money best that wa...
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Hello guys,I am researching on loans and super confused on whether to go with a 3 year fixed or 5 year fixed loan? on a 10 unit multi familyLoan Amount: $1,000,000Pricing: 6.75% for first 5 years, thereafter, floating...
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I've been told you need to put more money down (25%) and can expect a worse interest rate on a loan for investing out of state. If I got approved for 3.8 for in-state rental property, approx what can I expect searchin...
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If I was purchase a house at a Sherrif Sale where would I be able to get the money to get my property fixed so I could either resale or rent it out? And about how long do you have to pay back what you borrow from a l...
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Hi, I'm looking for help with making sense of these numbers from my bank. I originally started application for a HELOC but then changed my mind and asked for quote on cash out blended rate refinance (I'm 2 years into ...
Hello,
I am buying my first out of state investment property in PA.
3/1.5 SFH.
Purchase Price is 110k , needs a new roof, some TLC. Planning for 20 % down.
Similar fixed up properties there are going for 150-1...
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Hi BP family hope everyone is well.
So I still do not fully understand how to wholesale a property that is listed with an agent. I was thought to use a letter of intent letter to obtain the house.
Is this all you have...