Jimmy Chin
New member from Houston, TX
Hello BP community, it's great to be here! I'm 35 years old and currently am a Software Developer working in Houston, TX. I was in the process of looking for a new home and thought about renting out my old home which ...
Jakob Kilby
I’m a college student looking to get into real estate investing
I’m a college student looking to get into real estate investing. I would be a first generational investor so everything is new to me. I’ve had my license activated but want to be more on the investing side. Can I get ...
Frank Cesarone
Lending options - multi-family
I am new to the multi-family investment business (have done several single-family homes). Given this, I’m not familiar with the lending options and associated differences, benefits, limitations, etc. associated with ...
Aaron Ferguson
Paying of sellers mortgage then owner financing
Let’s say the seller has a 500 K property and owes 250 K to the bank. Can I finance the 250 K he owes with the bank and he carry 50% and I pay the remaining 250 K over say a 5 year balloon amortized for 20?
Braden Souder
Whats a good cost effective entity for taxes?
After reading on here I was initially thinking LLC taxed as an S corp but My tax guy says just use a sole proprietor with Good Insurance policy. It has the Least start up and yearly maintenance cost and an LLC would n...
Chris Corvil
Is student loan debt and low credit history bad?
I just graduated and moved to Spartanburg South Carolina from Jersey. Is it possible to still buy a property, qualify for an FHA if I have student loans and a credit history under 2 years? I have a great credit score ...
Jayde Landry
Good deals questionable neighborhoods
Hello BP friends!What’s been your experience with flipping a good deal in a questionable neighborhood?
Mary Ann
Will investment prop disqualify me from dp programs on 2nd home?
I'm concerned that buying a prop as an investment first may disqualify me for first time homeowner or dp assistance programs when I am ready to buy a second home - the one I plan to live in. I do not have enough savi...
Jim Francis
203k and $30k line of Credit Advice
Good Day BP Family,I'm a rookie investor in Chicagoland Area. My mom has a $107k 203k, we would love to get her a multi-family rehab that is OO of course and refi and get cash out or line of credit on OO to put down ...
Carlos Lez
Holding Deposit requirement for CA
Dear Fellow members,
A prospective tenant put down a deposit to hold an apartment and it was immediately taken off the market. They then came around a week later to say they have changed their mind and their financia...