David Held
Loss on SR IRA property sale
Good afternoon. My CPA has raised concerns about two properties I may be selling and I'm hoping someone may be able to shed some light on the situation. Approximately one year ago, we purchased an old golf course wi...
Arthur Schwartz
What down payment is required for an apartment building?
Does anyone have insights on how much down payment is required for an apartment building? From various sources I received very different amounts, ranging from 10% to 33%. Does it vary with the type of lender? Thank...
Tony R Fox
Help wanted! First Time BRRR- Duplex
Hey everyone. Very excited to share that I'm just getting into contract for my first duplex and I'm looking to BRRR. I will not be living in this. One unit is vacant. 2nd unit goes for under market rent but has a sta...
Philip Furlong
House Flipping Expenses
I am trying to determine my upcoming expenses for a house flip and want to see what some other people are doing for fixed expenses? I am thinking my best bet is going to make an excel document that lists the primary c...
Doug Kolt
Is a HUD Partial Claim Mortgage forgiven in a sheriffs sale?
Hello Everyone! I'm looking at a property coming up soon for Sheriff's sale. The primary lender has foreclosed on the property and initiated the Sheriff's sale. Through a title search I found the previous (current?) o...
Kamil Sekulski
Financing out of the budget property and rehab costs
Hi all,
I’m looking to buy my first owner-occupied 4-unit property and I found an interesting one, but it’s out of my budget. It’s a quadruplex I could buy for $850k, currently rented for $6,300 (even though it shoul...
Karen Johnson
Planning to Purchase With HELOC Funds. Need Help With The Basics.
Hello fellow BPers!
I've been reading related posts on the forums, but I need someone to explain a few things to me slowly and carefully, LOL.
Here is what I would like to do:
-Take out a HELOC on one of my invest...
RENEESH KOTTAKKALATHIL
ARM loan for investment property
Hello all,As mortgage rates are rising, is it a good idea to use an arm loan for an investment property? Please advise.
Darius McCormick
Dreams of first rental property
I’m a senior in high school & have been putting much thought into what’s next for me. I am on the fence about going to college, but I am sure I want to do real estate. I would for my first step to be a rental prop...
Arthur Fuller II
Estimating repairs without access inside
I've had two people call me this week and for two entirely different reasons the owners could not give me access inside of the house. So if I'm going to make an offer should I just use a square foot estimate on repair...