Peter Matus
Is this correct?
Hi guys,Quick question..I have W2 job and last year did around 85K gross from my job..Also in October last year I bought investment/rental property with 30% down..today my tax person told me-I owe the government $ 3,5...
Dewayne Gammel
BPO vs/or Appraisal
I am looking at picking up a property using hard money. End result would be to sell said property or refinance and keep as a buy and hold after all repairs are done. My question is about the BPO and/or Appraisal.
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Janiel Vanderhorst
Down payment secured, whats next?
Looking for advice. I own a property in PG county Md free and clear and took out a HELOC to use towards a down payment and repairs. Only thing is i dont know what kind of loan i should get... i keep hearing about conv...
Nathaniel J Mott
Buying first home in Raleigh NC area
Hi BP,
I'm planning on buying my first home in the near future and would like to rent out the remaining rooms. I'm wondering what the community thinks my best option is. I was looking for houses in the 200k range but...
Lexie De Stefano
HELOCs: 5 Year length at lower rate vs. 10 years at a higher rate
Hello!I'm looking at taking out a HELOC on my primary residence (house #1), to purchase house #2 (BRRRR method in a high appreciation/low cashflow area) that I plan to use as my future primary residence. I've been deb...
Suhaib Rehman
Understanding Cap rate
Fellows, I am finding the cap rate difficult to grasp especially how it is used in the deals. What I am not clear about it whether cap rate determines the property value of property value determines the cap rateCap r...
Derron Slater
I'm not sure if I should refi or get a heloc.
Hello BP society. My wife and I purchased our first home in California in 2012 with a FHA loan at 3.8%. Shortly after we purchased solar panels with a lease to own option ( lein) . 2 years later I was out of work for ...
Jennifer Stradtman
New construction/6 units/hiring a GC insights?
One of my bankers referred me to a GC she has built spec homes with successfully. We’ve been talking about replicating that model. He finds land, gets it zoned, handles site prep and construction. He approached me abo...
Brandon Sturgill
How do I Explain Seller Financing?...
So, I have a home owner that has 100% equity in a non-occupied home. He is not motivated to sell, but it seems he could be persuaded to go with seller financing...so, do I explain:I will take possession of the propert...
JJ Conway
My Baltimore City Rehab
I've been a real estate investor for many years now, but mostly passively. My biggest "active" success so far is an all cash deal I just rehabbed and rented out in Baltimore City last year. Learned a LOT!Bought prop...