Is the best way to tap equity without selling an interest-only line of credit, reverse mortgage, or something else? Here’s an oversimplified version of the situation:
Bob owns 5 Class A single family rental propertie...
Hey BP Community -- I'm in a bit of a weird situation where my 3bd/2.5ba, two-story condo in NoDa has appreciated $70k since July 2019 when I bought it. I no longer live in NC and turned this into an investment proper...
Found a 3 BR 1BA bungalow style home in Richmond. I'm submitted my first offer today.Sq Ft = 1,018List Price = $65,000Initial Offering Price = $32,000Max Limit = $40,000ARV = $125,000Realtor Fees = $7,000Closing Cost...
I am in the process of buying the first property cash. For obvious reasons it makes sense to hold it under an LLC, But will that make it complicated if I go to cash out refinance it? TIA
I recently made my very first BP post about a complicated personal loan agreement with my father-in-law for our first property. It appears we are near to closing on that property and we have another equally complicate...
I have an opportunity that would eventually become our primary residence. The home appraised last year for 2.1m, currently on the market for 1.98. I am offering 1.5m (as it needs about $200k in updates for our tastes)...
I am looking for financial backing of $16,000 to purchase a decent 2 bedroom house valued at $45,000. The 16,000 covers sale, closing cost, independent secretary, mileage, holding costs. House is to be put on market a...
Currently have two SFH rentals and looking to jump to multifamily. Second rental was purchased this year on a 30 yr fixed. Called the same lender and had a lengthy conversation about scaling up and etc. and requeste...
Hello everyone! So I'm looking to buy a property from my cousins they inherited and want nothing to do with. It needs a lot of work. My plan: I wanted to do a quit claim deed to take possession of the property with no...
Hello all! I am looking at some raw land in my area that I would be interested in buying to build a home on. The land is a good deal from what I've seen-6.2 acres of land that is very well priced for my area with...