It seems to me that a bank foreclosure on a persons home is nothing more that a bank rip off destroying a families life. Think about this - When a bank offers a home buyer money to purchase a home and the deal goes th...
Hi All,
I am looking to purchase a pre foreclosure purchase. I am researching ways to do this as well. However I would love to hear personal stories from the BP community. Thank you!
I am somewhat new to real estate investing but have plans to purchase 2 more properties over the next 6 months. I currently have 2 rentals and I am about refinance them to get $ out to fund the next 2. With that said....
Hi there,My friend and I finally purchased our first real estate property. Single family condo unit we will rent out indefinitely.Since the price of the unit was so low (~$250k), we decided to take out at mortgage at...
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...
I'm new to this forum and appreciate your help. I have a second home we have owned since the mid 80's. I have two questions on a possible sale trying to avoid as much income tax as we can. 1. We had a fire at the ...
Hi!My husband and I are looking to buy a STR beach house. My parents would like to buy it with us. We have already formed a LLC with a lawyer but we are stuck on what to do if myself and my husband or my parents die a...
I have a property which is rented to a regular tenant. I was approached by the tenant that she wants to convert in to assisted living and willing to do all paperwork, conversion. This will be a residential assisted li...
I want to purchase my dad's house. He talked to a lender (he went through them to buy his last home a few months ago) and this is what he said:"Because you would be selling your home to a family member you can do some...
What's up BP!My business partner and I are working on our first retail flip! We bought the property for $65K, it needs about $120K worth of work, and we hope to sell it for $240K.My questions today:1) What sort of ins...