Mallie Messri
Fire Damaged Homes From Thousand Oaks Fire
Hi all,As many of you may know there has been a huge fire that's erupted in the San Fernando Valley over the last few days and many homes have been damaged or completely burned. In Starbucks this morning there were ov...
Zane Lyons
Unexpected 25K Expense on First Property – Financing Options?
Hi all,In a bit of a predicament on my first deal. This first one has NOT been easy and we have been under contract for nearly 2 months now, but I am committed to make it work because I think it is a good first deal.I...
Steven Weiss
ADU maintenance costs; estimates?
Hi all,I currently plan in building a 1200 sq ft 3 bedroom 2 bathroom ADU in Los Angeles, CA. I ran numbers and everything seems to check out (at minimum, I break even). I just wanted to double check some things, and ...
Guillermo Cervantes Rivas
Primary SFH purchase but can't relocate now
Hello BP'ers I'm in a tight dilemma. I recently purchased a new primary home to move into, my company originally was willing to relocate me. The transaction took a very long time due to seller not finding a replacemen...
Daniel Kong
Do I need REPLACEMENT COST Insurance for a Conventional Loan?
I'm in the process of purchasing a property worth about 100k using conventional financing. Do I need to buy Homeowners insurance for the replacement of the home (quoted at 530k), or can I just get Insurance to cover t...
Bob Malecki
The Big Short: Michael Burry on the Next Financial Crisis
If anyone who is newer to note investing needs a refresher course on what caused most of the NPLs we buy to be available, read The Big Short or go see the movie. Fascinating how corrupted Wall St. brokers and rating a...
Felicia Lucco
LLC for Short-Term Rentals?
We are actively pursuing the purchase of our first STR with a plan to add more. We've been advised by our accountant that each should be purchased in the name of an LLC to protect our assets. The STR experts here advi...
Tommy Martinez
Investor mortgage with 10% down!
Hello all,Does anyone know if there are options out there for a 30 year fixed loan with 10% down instead of the traditional 20%? I can’t seem to find these type of loans and was hoping someone can point me in the righ...
Peter Jindra
Can I Turn My House Into A Rental If I Have Less Than 20% Equity?
Currently renting an apartment and am strongly considering buying a house in the next year, with the plan of living in it for 1-3 years, and then turning it into a rental. By the time I am ready to buy, I won't have e...
Ty McAllister
Seller-finance (are they wraparound mortgages?)
Hey there! I see a lot of seller-financed properties as I'm practicing running numbers on properties listed on craigslist & other similar sites. I suspect that many of these homes are not owned outright.Is it comm...