Account Closed
Northern California Auction
I am a buy and hold type of investor. Bought a few good SFH in bay area in 2009-2012 period which gave me tremendous returns. Have cash pile up, cannot find good deals of retail SFH in past 3-4 years however, I hav...
Gene Boykin
South Dakota Sheriff's Auction
I'm just getting started in the fix and flip business. We are initially looking at pre foreclosures and sheriff's auctions. In some instances at the Sioux Falls sheriff's auction the bank will make its initial bid s...
Tom Doherty
Commercial Loan Question
Good morning BP,I listened to the most recent podcast about BRRRR and Partnership (Great episode). @Brandon Turner mentioned something along the lines of a balloon payment on some of these commercial loans.Couple ques...
Dani Beit-Or
What do you think of this subject-to deal in Metro Houston?
Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Reco...
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large enough loan to buy multiple rental properties
Hi all... We have bought all of our rental propertes with conventional loans and now have a more difficult time getting loans due to the fact that we have so many mortgages in our name. The lender we use has pushed a...
Matt Leonard
Cash-out refi on primary, to pay off/down rental ARM?
This makes sense to me - but would love anyone else's feedback. Thanks in advance!I am in process to cash-out refi my primary ($850k value, $240k owed, 3 years in on a 30-year fixed at 3.75%) - at a 30yr fixed at 3.4%...
John Spina jr
Soon to be 1st property
Hello everyone at BP! My fiancé and I are getting married in 2 years but plan on getting the house this year. We're planning on buying a duplex and getting a 15 year mortgage. The plan is to contribute towards the pri...
Donna Salmiery
Where to include appliances on P and L statement
My first two years of owning rentals, I just put appliances such as washer and dryer, stove, under "supplies". I have switched accountants and my new accountant asked me to use Quickbooks. Now I am not sure where to i...
Chris Kendrick
Cash out refi seasonal period
Cash out question
My plan was to buy property using my heloc, whole lot cheaper than Hard money or private. Fix it and Then do cash out refi and pay my heloc back in 3-4 months.
I was about to get qualified with cr...
Justin Drappi
condemned house, yes or no?
I am a wholesaler from New Jersey. I drove past a condemned house, the roof is collapsing. I haven't experienced a condemned house as of yet. what hurdles can be expected?