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A basic real estate contract stipulates that on or before a specified date the buyer agrees to bring cash for the purchase and the seller agrees to deliver clear title to prove that they have the right to sell the pro...
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All, I'm working on my first home/rental purchase in NJ and I need some help. My plan is to buy a suitable single family rental property, live in it for 1-2 years and then move out and rent it. I currently am married...
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Hi all,
I am curious to know what the BP community thinks about opening a separate bank account to collect tenant rent. I currently don't want to start an LLC yet since I am in the beginning stages (haven't purchase...
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Which would you choose? Failure or success? Success is what I am looking for, but I will choose failure in order to learn and grow. I work for a company that acquires real estate for a holding company and I am running...
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I bought a single family house in Missouri for $30k cash. A month and $10k later it is worth ~$85k and rented out for $800/mo. I would like to tap that equity ASAP, then refinance into 30 year conventional after the 6...
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Hi BP,
I am hoping someone has advice for me, as I have combed through forums/videos and I cannot seem to find advice FOR a General Contractor looking to buy rental properties. Everything I find relating GC's is on h...
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My husband and I are planning on purchasing a fixer-upper in a good neighborhood. Our accepted offer price is $73,500. The most recent appraisal was $99,500 in 2007, before the housing market crashed. We are plan o...
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I've recently been introduced to the strategy of selling property using an installment land contract. It's appealing for a number of reasons: the buyer gets equitable interest in a property, takes care of all repairs,...
The property class descriptions often include age of the property as a major factor in determining property class, can you help me understand how much this weights when applying to urban areas or small east coast town...
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I'm interested in rolling my current IRA's over to self-directed IRA's to be able to invest in real estate. Any advice on what custodian to open it with for ease in conducting RE transactions, fee structure, etc? Ap...