This is an abbreviated soap opera: There's a house that I'm interested in purchasing; however, there are five interests in the property: 1/2 interest, 1/8, 1/8, 1/8, and 1/8. The first owner of the home had a debt she...
Hi all,
I'm just starting out. I read Greene's Long Distance Real Estate Investing and I am currently about half way through BRRRR. My question is this, what are the down sides to BRRRR? I'd love to hear critiques...
So I really like STRs and thinking about how much to put into it. Hopefully nothing like COVID happens again but it could. Regular properties are probably in a better position because people always need a place to sta...
Hi all! Just digging in to this forum and learning a lot. Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades. Also both enjoy freedom in our sche...
I wanted to know if its ok for me to start with a line of credit and/or a credit card. Line of credit interest rate is 9% of 50000. Credit card rate is 11% but 14 if cash advance, limit is 25000. I do now have a pr...
HUD Home Q&A
What is a HUD Home?
A HUD Home may be a single-family house, a townhome, condominium or other type of residence. The properties were deeded to HUD/FHA by mortgage companies who had foreclosed on FHA-...
I am looking at purchasing a duplex for 100k. The seller is an older man and wants to do owner financing so that it will continue to give him income from the property and he will make a profit from it. However, the se...
Hello, I was recently watching one of BP's videos on the BRRRR strategy and had a question about one specific aspect of this strategy.How is it that a property produces income and cash flow during the acquisition face...
BTW this is my first post!I am 22 and have been saving up for my first property, I currently have 23k saved in cash and I am saving $2800 a month that I am adding to that total. I want to buy a single family property ...