Dear BP Members,
I purchased a home about 1 1/2 years ago from an LLC that I am a member of using a promissory note to the LLC. There are 2 other members of the LLC and the home had no mortgage on it (owned outright...
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Hey everyone, does anyone have experience with "selling" their home where someone assumes your mortgage rather than selling for a profit? My investor friend has a lease option on my property to assume my mortgage and ...
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my mentor has really pumped me up to think that selling homes to others on land contract is the best and most profitable way to go instead of renting or buying and flipping. I was wondering if any of you guys had any ...
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We bought our current home in 2011 for $97k. We paid cash and have no mortgage. The home is currently worth about $497k. We now have an opportunity to move into my parents home which is bigger and “take it over”. The ...
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Hello I am going to sell my primary residence in Idaho and use the proceeds to buy a less expensive home in Oregon without a mortgage loan (all cash). I plan to live there with my wife. We have adult kids. Would it be...
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Hello all,I wanted to ask a couple questions for those of you with more experience than I have. I’ve bought a few houses, but have never sold one. My wife and I are looking to move in the near future (3-6 months). W...
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Hello all,As you guys can see by my status, I am a beginner investor and would like to hear from my experienced investors here on this forum, what would be the best move to make in this situation?My parents have finis...
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Hello All,
I am moving out of state and currently own 2 Bed 2 Bath condo that i have lived in for 4 years as of this month.
Numbers
Bought it for
$248K in Dec 2020 with $13K down (5%)
...
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So here it goes. I own my home in Silicon Valley. It’s worth around $1 million. I owe around $450k. I could rent it out and make about $1k/month. I am moving out of the area and am going back and forth between selling...