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I bought a 2 flat with legal garden unit back in April 2018. I've lived in and fixed up the basement for the last year while renting the top two units. I am a few days from moving to the top floor where I intend to re...
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I have found two properties that will cash flow and fit the 50% rule. One I am particularly fond of because of location and price. The issue is it is coded as a light industrial property. Traditional financing does n...
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I found a great deal but it got under contract while I was trying to negotiate. No harm there.The other buyer's initial attempts at financing fell through and so I came in with the same offer but much more solid term...
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need some friendly advice. So I made an offer reo double wide 3 acres didn't look that bad asking price 45000 agreed to 42000. It's in a different state so a little more difficult for me. Sent out a great Inspector an...
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I purchased a townhouse in December of 2016. Never occupied the property, just fixed it up. Im looking to list it next week but want to make sure I am in the clear of paying capital gains taxes on it. How long do you ...
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Hey BP Family!! As I look to purchase my first property, my fear and nerves are constantly keeping me from obtaining this milestone..with my biggest fear being estimating rehab costs initially. I fear the idea of purc...
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I keep seeing posts on the HUD timelines and a lot of people have different ideas of the bid periods.
HUD has the same bid periods in the entire country but they can vary according to property type.
1. FHA insured...
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Hi All,I need some clarity on the last R in BRRRR, the Cash-Out Refi. Think of this like a math question please with a Yes or No answer.If property is bought at $140K, 25% down meaning $35K. Rented out for $1500. Then...
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Hi everyone,Today I was exploring how to pull some cash out of the equity on my current residential property and came across two popular options: a home equity line of credit (HELOC) and a home equity loan (HEL). Thes...
I am relatively new to investing and I have a couple of options in front of me during the next year. I need to chat with someone who can help me understand the implications of these decisions on my financial health. I...