Jim Macedon
How Much Debt is Too Much... Or Not Enough?
I'm pondering my next move. I just took on a lot of debt. On the other hand, I have some equity I could access. Not sure whether to:A. Reduce debt.B. Stand pat on debt and wait to build up another down payment.C. A...
Taylor Dasch
Strategies for Investing in Real Estate
Hey guys, I just wanted to post this on here and see what yall thought. I have been thinking about my strategy for investing and realize I need to change it, so pretty much right now I do dollar cost averaging in real...
Paul Falbo
Buying a SFR. Rent or flip?
Hey BP Gurus:
First off, I've enjoyed BP immensely.
I have a deal that I'd appreciate some feedback on.
I have a SFR in my neighborhood where the sellers have accepted a purchase contract. The deal points are as ...
Tommy R
Why can't you assign a short sale? I don't get it
It doesn't make sense to me why you can't wholesale a short sale like you would a normal property
Can you please explain to me why this is?
Wouldn't the lender wand to get the property moved from a non-paying homeo...
Sarah Albert
Evict or wait until lease expires?
I have a tenant that is refusing to pay the last two months of rent. She claims it was paid up front (it wasn’t). We’ve given a 3-day notice to pay or quit and she hasn’t paid, which means we can now start the evictio...
John Matthew Johnston
NO LOAN DISCLOSURES IN COMMERCIAL LENDING?
Hi I am new to commercial Loans, the lender I’m working with doesn’t wanna to put anything in writing. I asked him for a loan disclosure stating the rate, lock in period And other details of the loan. He wants to give...
Merlina Rodas
Still haven't made progress
Hi everyone!So, basically, I'm still learning about real estate and investing, and I have some money saved up to start, but I'm a bit hesitant when it comes to spending it. I reckon it's mainly because I feel insecure...
Carolyn Hancock
What options do I have??
I am 66 years old & want to retire. I have 3 properties. I own one free and clear. Number two I owe $64000. & it's worth about $80,000. Number three I owe $91,000. and it's worth about $85,000. They are all in...
Jaleh Mozafarian
Beginner tax question
Hi. I am new here and would really appreciate some help.
I switched my home into a rental mid year. I had to do bunch of renovations in order to rent it, such as redoing a whole shower that wasn't functional plus so...
Charles Player
Income for rental property?
I have a question for you guys. I have a rental that the mortgage is $727. I rent it out for $930, thus producing a $203 profit each month so to say. When I state my income on anything from applications for loans to w...