Lane Babin
Potential 1st Deal with 2 Options...Looking for Advice
A friend and I just finished looking at a good potential lead on our first REI. We came upon the deal by word of mouth and networking. I'll lay out the scenario first and then give some info on what we have come up wi...
Vadim F.
Renovation Loans in Detroit
Looking to get info if its possible to get a Renovation Loan in the Detroit area? For example: Say I find a property that is $30-40k and needs another $30k in work. After fixing it I would then like to rent it out and...
Chris Agun
Using home equity to finance a multi-family
Hello All happy new years!So I would like to get the opinion of some experienced investors.My goal is to buy (3) three to four multifamilies.I inherited a 3 family fully paid off and own my current home.Between the tw...
Chandra L.
Mobile home condition
I am contemplating making an offer on a 1995 double-wide mobile home through one of these auction sites but saw two problems that concern me: 1) the back door won't open - it seems to be pretty firmly jammed shut; ...
Michael Dunn
Newbie from Vancouver
Hello, everyone. Looks like a great community here! Looking forward to seeing what's going on around North America and how other people approach real estate to achieve their objectives. I currently own just one invest...
Katrina Gillrup
Rehab - BRRRR Strategy
Insight into how and when you put your “team” together. Did you find a contractor before buying your BRRRR property? Did you find this to be more helpful? Did you find a contractor after you found a potential property...
Ryan Austin
First time buyer with 80k cash budget. Portfolio loan or no?
Talked with local lender recommended by my broker. Preliminary chat he shared the following numbers:30% down required5-6% 7 year fixed then adjustableNot sure if I should try sticking with initial plan of a portfolio ...
Lou Ruggieri
Good or Bad Idea: House Hacking in a Commercial Property
I'm currently in a two family house and thanks to BP have realized that moving into a bigger unit mix will help me house hack and actually make money in the process as opposed to just getting a discounted mortgage.
S...
Eric Sanders
Handling of Security Deposits in Chicago
Hi Everyone,Quick question on security deposits in Chicago. Can I combine the security deposits of different units into 1 bank account?I understand that landlords cannot commingle security deposit funds with the asset...
Clara Lau
Bank Loan with someone else credit
Hello.
I have bought a single family rental last year and deed it under a LLC. I have a 50% private financing on it for 12%.
I am still building my credit rating. I would like to explore if I can partner with a fri...