I am a new to investing in real estate. I was told that I should have a title insurance. My question is what is title insurance and why I need to buy the insurance.
Im closing on my 1st subto deal at $300K(240k mortgage balance, $60k Partial claim balance) Seller interest rate is 3.4% payment is $1900. I'm looking to wrap this to a end buyer for $350k at 9% interest 10% down. Sho...
Hello fellow BP members, I'm not looking for answers, but I am curious if anyone with rentals in Baltimore City has dealt with the following situation:Here's the scenario - I have a SFH rental in Baltimore City with a...
I was scheduled to close on a NC beach vacation rental TODAY! We were able to negotiate with the sellers to put off DD and closing for 4 weeks and I am grateful for that. The hope was we would see some settling down,...
This property is located in Lafayette, IN. Especially on an apartment building, are there any ideas of difficulty to insure? If so, is there a best recommendation for the removal/deactivation of the wiring? I do not a...
In the event that you guys have an estimate of about $50K liquid. How are you starting out? Do you look at fix and flips if you’ve never done them or buy and hold which you also haven’t done?
Hello BP,
I have a friend that has just been through a divorce and owned a house with her husband. They didn't own the house for very long and didn't have much equity when they split up (about a year ago). She has be...
How do you know if you are overextended? I am new to real estate investing, and I have just purchased my second property. I feel like I can cover my payments every month, however I feel uneasy about the added debt. ...
I am in the process of turning my primary home(built in 1955) into a rental. The house has some updates but the bathrooms unfortunately are not. With that being said, another house in my neighborhood was being remod...
Hello BP,I'm a new member and a beginner in real estate investing. I'm interested in house hacking a 4 unit property? The downside to this seems to be the fact that I will not be able to close on the property under an...