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My friend and I have been looking for a property to buy, improve with ADUs, and rent as owner occupied in one unit. We found pretty much exactly what we were looking for recently, however our private lender had to bac...
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Hi, I have an investment property A where I built a good amount of equity. I want to buy an investment property B using the equity built in property A. Is that legal to use for another property? How does the tax-ded...
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Has anyone ever used hard money lenders, seller financing, master lease agreements, assumable mortgages, or any other creative way to acquire multifamily properties? If so how did you do it, and if it needed rehab how...
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I’m just beginning. I found a fixer upper duplex that I would like to rent out after repairs but I only work part time. Is it still possible for me to get some financing for the property?
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Hi,So I have been reading and listening to the podcast. I think this is the best forum I have found so far. A lot of info. I am a newbie and this forum is very informative. Thanks to all the contributors.Question: I a...
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Hello BP,Is it possible to get a mortgage for an amount higher that the actual cost of the house? The difference will be for rehab. I understand some banks won’t allow this, but can I put it in the contract with the s...
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Looking for advice on how to maximize tax benefits on an upcoming conversion of my primary home to a long term rental (temporarily). I'll be moving for work on an international relocation in 1 year, and plan to keep m...
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We just finished a flip house and took a current tenant through. They fell in love with it and went to the bank the next morning. Unfortanitly they have low credit and didn't qualify.We are willing to finance up to a ...
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We are selling one of our rental homes in order to purchase one in the same state we reside in to better manage the property. We are doing a 1031 exchange however we are having issues getting pre-qualified for a mortg...
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I have a potential deal on a two family house in a massachusetts city
i can buy the house for 125k cash
once i own it a listing on mls will go under agreement within 1 week for 175-225k
will there be a problem with th...