Camilo Chiriboga
getting ready to purchase my first rental property
i'm getting ready to purchase my first rental property but I'm running into some issues, I own a home ( I live in) which has 100,000 in equity and I will like to use that money for down payment or just buy a property ...
Brian Larson
Exit Strategy on dud Rental Property?
First, sorry for the long post. Before I found BP I started investing in SFR's in Phoenix metro area. I bought on the basis of rent covering PITI and thinking I was good. Surprise, surprise, I was not. It has yielded ...
Kenny Tan
Balloon payment due - surprise
We were just notified by the 2nd mortgage bank that our SFR rental has a balloon payment of $29K due at the end of the year. This throws a money wrench into our finances for the next few months as we have a short sale...
Hugh Harps
Seller Financing Help
Hello All,I need your help. I want to engage in seller financing option with an owner, who owns his property out right. Obviously, with seller financing, the terms are much shorter. I am offering 7 years term before l...
Victor Williams Jr.
Detroit, MI Market - Exit Startegy Advice
Hello Bigger Pockets,I recently moved from Michigan and have been renting out my property on Pembroke, near Wyoming/Outer Drive area. As I am now out of state, I'm looking to craft the best exit strategy. I bought t...
Kimar Abdul-Samad
Intro
Hey folks,Im in a current underwater mortgage that will not yield any cashflow upon renting. However, Im looking to make some moves. I was approved for a loan contingent upon rental income for my current property, b...
Koki Agata
Kansas City, MO, real estate newbie investor (to be)
Hello all!
I am a newbie to BP and aspired real estate investor! I just wanted to introduce myself to this wonderful community.
I currently in the process of moving to KCMO, but I am originally from Japan (born and ...
Philip Dalhausser
I owe more than what the property is worth
I bought a place in Southern California at possibly the worst time in 2007 and I owe more than what it's worth. I moved out in 2012 and have been renting it out since. I have only been making interest only payments ...
Tom Bukacek
Obama's Main Streets Bailout Coming this Month
The following are excerpts from an article on Reuters.com:
"Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie ...
Timothy OReilly
Setting the foundation to start investing, need some advice
Hello BP!I am not new to the real estate world but I am not a grizzled vet either. I want to start acquiring properties for buy and hold purposes and would like some advice on how to lay the groundwork now before I go...