I have a seller-finaced duplex that I am negotiating currently. Sellers are generally good on mortgage/note terms, but are seeking more security. I am ok offering a purchase price slightly higher to compensate for the...
Hi All, I’m Interested in finding out more about DSCR LOANS. PROS/CONS???
Good AfternoonA friend of ours owns a note on a property which is going to foreclosure soon in the City of Alexandria, VA. We are locals an know this area to be super hot, but our friend is wondering if the Foreclosur...
Hey BP,
I recently read a story about 3 entrepreneurs in their late 20s doing syndication. They acquired 21,000 units in about 8-9 years.
My question is, how is that even possible. I know there’s a lot of syndicato...
When using a HELOC with a variable rate, when you take out a loan against your credit line, are you "locked in" to that rate for the entire amount you have to pay back on the amount of money you took out, OR do fluctu...
(I wanted to start this thread separately to avoid hijacking another thread where this subject came up. The topic is important enough to warrant further discussion.)
As @Tracy Z. Rewey pointed out, there's a huge dif...
A cost segregation (seg) study is a detailed analysis of the components of a building so that the separate components can be separated and classified into shorter depreciation lives. By performing this study, building...
I have written before about the pitfalls of cost segregation, for example here: https://www.biggerpockets.com/forums/51/topics/831924-beware... and here: https://www.biggerpockets.com/forums/51/topics/1075919-five-......
So I'm going to look at a house tomorrow. Here's the scoop:The seller is selling the house they are living in to move into a bigger house. The prospect property is owned free and clear.My task:• Talk the seller into f...
What do you think is the step-by-step breakdown of home buying process?