My wife and I are planning to buy a house in our market which is really expensive. We’re trying to figure how can we afford it. Her dad owns 2 houses here in this town. One is half paid off and the second one still ha...
I am just beginning the process to arrange my financing for purchasing my first investment property. I am able to obtain a HELOC for about $60k from the equity in my home. The ranges of houses I am looking at genera...
Hi All - I've been actively searching for my first rental property for the past 2 or 3 months. I'm targeting the Huntsville and Montgomery areas of AL. I have $35k to $40k to use as a down payment. Houses in Huntsv...
Hello BP network,I recently purchased my first single family, out of state property in OH with the intent of renting it out long-term but have come across some major road blocks. I overlooked a lot of details during t...
What are the pros and cons and if you have any rentals using either method, how has it been?
I am in the process of closing on a house, closing date is 2 weeks from now. However, the appraisal the lender ordered came back $17k lower than the asking price. At this point what is the most logic next step? I don’...
When purchasing a home is it possible to pay cash for a home and then immediately (without waiting several months) after closing get a loan for the home that you just purchased? I am assuming that if so it would be b...
Hey everyone,
My father has a paid off house (350k+ value), 800+ credit score, but is 'retired' and not yet claiming SS. He has no income besides 401K. I have a strong income and have a 700+ credit score so can I cos...
Good afternoon BP community,I stumbled upon an opportunity to buy 3 condos in a lower income area for 32k combined cost. The seller will hold note for one property for 12k no interest, ballon payment at 1 year. The m...
Hi everyone, I’ve recently (about a week ago) discovered the concept of wholesaling and have noticed the number of REI through wholesaling in Toronto / GTA is less common. What reasons in particular? I’ve heard of who...