Bola A.
Using HELOC to buy a new property
Hello BP,
I thought that I can use my HELOC for down payment. I am in the middle of getting a loan, I was told that I can not use my HELOC because it will be a borrowed money. Can someone explain if I missed somethin...
Amy L.
Partnership dispute on VA loan
Hi everyone, my friend is VA eligible and we are under contract for duplex for 850k in NY. The VA limit is 679k. Which means we need to come up with 42K (25% on the remaining 171k). My friend thinks I should pay for ...
Davis Chem
Buying my first property
I am very new to real estate and 18 years young. I am thinking about buying my first property, and if it would be possible if I partnered up with someone where they are qualified for the loan and I took care of rehab,...
Cory Clay
Use the 1% or 2% rule?
Hi, this is for anyone that invest in Houston, TX or surrounding areas. I'm taking the steps to analyze deals in the search for my very first one. As a rule of thumb, do you use a 1% or 2% rule for narrowing deals dow...
Barima Opong-Owusu
Potential apartment building deal....How do I make it work and is it worth it.
I'm looking into getting my first buy and hold. After looking for multifamily properties a casual conversation with a coworker turned into the potential for me to buy an apartment building from her relative. He...
Tyrus Shivers
What happened to Values and Business Ethics?
Bpers,
This is more to blow off some steam than a question, but I would like to hear others experiences.
What happened to the days of value, ethics, decency, good will, honesty, integrity, and common...
Jenni Rivera
Seeking Advice-Step by Step SDIRA + HML
Hello BP Family,I am currently a W2 newbie trying to get started. I am in the research stage and trying to figure out how to fund a deal. I have decided to use about $10K in a SDIRA along with some funds from a HELOC ...
Sara Finley
Advice on Hard Money Loan for Bank-Owned Rental
Hello! This is my second post as a newbie and looking for some advice.We currently have 3 rental properties (closed on the last one in June). Things are going well but I don't have enough capital right now to do ano...
Talina Alvarado
IS SECTION 8 RECOMMENDED FOR FIRST-TIME LANDLORDS?
I am getting ready to list my first rental property. I called a real estate lawyer to inquire about some paperwork and she expressed to me that she didn't recommend section 8 for first-time landlords. She says it is a...
Yusuf Wilson
Help with a deal structure . . .
Hi,I have an opportunity to JV a deal in Philadelphia and wanted to see if you could provide any insight. It's a 6 BR/2BA 1,878 sq ft 3-story row house in Philly. I've been presented with an opportunity to JV this dea...