Ryan Trexler
Home equity to buy new home
Hello BP,My wife and I have about 80K of equity in our home. We are also looking to upgrade but would like to keep the current home as a potential rental. What is the best way to take the 80K of equity and put it towa...
Timothy Lyons
To Quit Claim Deed to LLC vs Use Commercial Financing in LLC ???
Starting a new LLC as this is my first investment property! One attorney stated that I should not use residential financing and quit claim to new LLC as this would cause bank to call the note due immediately. He also ...
N.A N.A
FHA flipping rule lifted for 12 months - You can flip to FHA buyers now...but
In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan last Friday announced a temporary policy that will expand access to FHA mortg...
Nick Bendick
New Real Estate License
I took my real estate license exam a couple of weeks ago and now need to become affiliated with a broker. The reason I wanted the license is to purchase homes for myself. I am not looking to become an active real esta...
Scott Winnie
3339 Flora, Kansas City Mo
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $72,000
Cash invested: $35,000
We purchased this home off market and have fixed it up. We put $35,000 into the hom...
Giacinto L.
Financing
Hi BP community, I'm located in Idaho and find many potential deals, for example 20+ vacant homes, seller financed homes, distressed properties all over, short sales, I just don't have the ensured financing to back it...
Lucas Rowell
Number Crunching a New Deal (Need some fresh ideas) : )
Hello and Good day BP family,
Hope you all are having a great start to your evening.
I received an interesting call tonight from someone who's family member is behind on mortgage and needs out.
After talking to...
Patrick McCandless
Partnering with Mom on her last home purchase
So my mom is selling her home in the area I was born and raised in Southern California and moving to a more affordable (barely) area in Central California to retire in the coming months. She should be able to get enou...
Dona D.
Home Warranty on rentals
Hi, I've noticed repair costs (HVAC, appliances, plumbing, electrical) would incur and accumulate over the years, so I've purchased home warranties thinking that will save over the long term and also give peace of min...
Aaron Chung
What are Pros and Cons of Freddie Mac Renovation Loan?
Hi, All.I am thankful to have found and become a part of BP community! As I am gearing up to score a deal on the first investment property, I would like to find out the Pros and Cons of Freddie Mac Renovation Loan. I'...