Dylan Tozier
Getting a Loan
Hello All,I am interested in purchasing a duplex in Tampa, Fl to use as a rental property. I'm looking to stay around $60k for a loan with 20% down. I know at that price I will have to put in some sweat equity.I just ...
Paul DeSilva
Increase in rent for 2 year lease
Good Morning BP,I have a potential lease signing this week, and the applicant is requesting a two year lease. I agreed with the condition of a slight increase of rent for the second year. Does anyone know of any files...
Steven Lalonde
How would you proceed in my situation...
Hope all is well everyone!I was hoping for some advice on how to proceed. I live in Castlegar, BC, Canada.Heres what my first few potential deals look like.I have an accepted offer on an owner occupied house, working ...
Josh Skogen
Paying back LLC members and 1031 Exchange
Hello. I'm part of a 4- member LLC, which owns a SFR. We are selling the property and would like to use a 1031 exchange. Now, the four of us have contributed from our own pockets towards the purchase and renovation of...
Michael Hooper
Entity Transfer to Avoid Tax Reassessment
I'm looking to purchase 10 townhomes in Cincinnati. The current owner paid around 275K for the property and is paying 11K/year in taxes. The numbers on the property were looking good until I was told that if I purchas...
Matthew Farmer
Slight Blemish on Tenant Application - What to do?
Hi - I have a couple for a property that has a slight blemish on their application. Based on the below, would you rent to them? 1. Both Credit Scores above 6002. Employment History Stable - Both have been at recent jo...
Diane G.
I want to wait for the next buying opportunity
I am thinking I won't have to wait for more than 1-2 years... Your thoughts?Most of my coworkers, especially those in the early 30s, have bought and have a mortgage that is $10K in monthly PITI... Tough.....Any job lo...
Eric M.
This place is chock-a-block with wannabe wholesalers, what is the reality?
Maybe some guru has been advertising heavily on late night tv or something but to me it seems like there are A LOT of new people trying to wholesale. They have been told they can make RE riches despite having no mone...
Benjamin Manibog
Paying For Mentorship Programs
I was introduced to a program called “Freedom Mentors,” by a friend, where you pay $15-25k to be coached on investing and you have to split earnings 50/50 up to your first 500k and then you’re out of the program and o...
Brie Schmidt
HELOC payoff strategy
Twice recently people have told me of this new strategy to use a HELOC to pay off your mortgage faster. You essentially take out a HELOC to pay off your first lien, and then use that account to direct deposit your pa...