Melanie Collins
How to invest when starting out?
Hello Everyone,Recently last year I sold my home in Lakewood, Co in May just before the market shifted. We sold in three days with a bidding war and over asking price. We are now in Mexico for the winter and have been...
Dana Powell
Is this quote for a no-doc jumbo 30-yr fixed loan competitive?
Hi All. Newbie here and would like some advice. I have 2 rental properties both on 1-year ARMs at 5.25% amortized over 25 yrs that I need to refinance. My credit score ranges from 650-705.Property 1 $1.7 million val...
Heather Rodden
Tenant had lapse in liability insurance
I have a tenant that did not pay for her insurance and cannot until late next week. She is on a month to month lease. I live in Illinois. Just checking what your process would be. I believe I give her a 10 day notice,...
Matthew G.
To refinance a primary residence to rent with a higher rate in order cash flow in California?
The heart of this question is the tolerance with different investor strategies regarding positive cash flow vs. appreciation potential.
This scenario is probably more common in California due to the difficult...
Jay Kaltenbach
How to best use my self-directed IRA
Hello everyone.... I am a relatively new real estate investor looking for some advice/recommendations. I am in the Columbus OH area and would like to know how to make best use of my self-directed IRA. I am seriously c...
Johnnie Smith
Conflicted with 15 vs 30 year mortgage for first investment property
Hello all,I would appreciate any insight / thoughts people have about this topic. I grew up with real estate being in my family. My parents currently own four investment properties in addition to the home they live in...
Michael Rogers
What's your favorite Warren Buffett Quote/Lesson?
For the Warren Buffett fans out there, I've got a question. What is your favorite Warren Buffett quote/or lesson? Mine is his perspective on how lucky we are to have been born in America at this particular time in h...
Kyle Myers
LLC or Umbrella insurance?
BPs community,I recently went under contract for our 3rd rental property. I know as we get more and more properties we are under more and more risk. My question is, is the best way for us to avoid risk to set up LLC...
Courtney M.
For those focused on BRRRR...
Can you talk about in what condition you are buying properties, and how are you buying them?I really want to go down this road for my next investment but it seems a lot of the properties I see that would be "BRRRR-abl...
Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...