Rodger Wilson
My second rental was a repo and primary residence.
Investment Info:
Single-family residence buy & hold investment in Longmont.
Purchase price: $175,000
Cash invested: $175,000
This was a bank repo. It had some holes in the walls and was missing ...
Elyse Douglas
From "hosed" to "houses".
Investment Info:
Small multi-family (2-4 units) other investment in Prineville.
Purchase price: $239,000
Cash invested: $59,750
1800 s.f duplex, each with one car garage built in 1979. We painted int...
Joseph Grant
Buying a house from a trust
Hello everyone, Looking for some advice. My mother died last year and left our summer cottage in a trust consisting of myself and 5 siblings. My siblings don’t want it, so I can buy them out if I want. The house has ...
Matthew Paetz
Seller financing and Home equity loan?
Is it possible for someone who has purchased a home via seller financing to get a home equity loan on that property?
Jeff M.
Tax issue questions about selling an investment property with owner financing.
I have a property I'd like to sell. Owned for years, no mortgage, and fully depreciated. I have a buyer with an interest to purchase the property with significant $ down, and for me to owner finance.How will my long t...
Barbara G.
DIARY OF OUR FIRST BRRRR IN OUR REAL ESTATE LIFE
Well here we are closing today on our First BRRRR. We got it for $72,000 and it needs approx $25,000 worth of renovation and we think it will rent for $950.00 for each 2 bedroom i bath and garage. This is our 3rd d...
Hector Serna
My offer was accepted!
Hey guys, so if you guys go to my previous post, you’ll see that I was debating on whether or not taking on a 180k short sale, 1959 build, single family 3Bed 1bath, 1.9k mortgage as my first long term investment. The ...
Ed L.
Tenant Improvements????
How are tenant property improvements handled???
Example.
Tenant installed laminate flooring.
Tenant installed new exterior door.
Tenant installed fence on the property.
Floor to ceiling mirrors glued to drywall...
Paula Smith
Lease purchase deal gone terribly wrong...
In 2005, I went into an agreement to sell a property I owned that had a mortgage on it. The agreement was basically written out on a standard residential sales agreement with the terms of the owner financing (me) ...
Alex Silang
Getting a mortgage with 30k W2 income
This is my financial situation:30k incomeRental property (I own):4k monthly rent1.5k/mo PITIWant to buy:350k-400k property4k monthly rentI've used online calculators (for what they're worth) and they say I qualify. Al...