Brian Holt
How can you count the initial equity at purchase as part of a dow
How can you count the initial equity at purchase as part of a down payment? Or can we?Last month this Single Family home was listed for $393,000. In talking with the seller yesterday they take $349,000. For the offi...
Nicole Heasley Beitenman
Closing some of my credit cards makes sense to me. Am I correct?
Hi BP! I was talking to a friend of mine about credit. He says that each person is worth a certain amount of credit based on their income. Here was his example: Say you make $70k per year. You are then worth $200 in c...
Jessyca Jones
Best Books to Read When You're Just Starting?
So I'm definitely the type of person who likes to be prepared and feel well-versed/knowledgable before I do most things. With that being said, I'm educating myself on REI first before making any big moves or decisions...
Amy Paradis
Investor from Saint Albans, Vermont
Hi BP,
I am an investor in the Saint Albans, Vermont area. I am newer to BP and hoping to network more in my area (this is the first chance I've had to introduce myself).
I am hoping to connect with others in Vermo...
Monte Dick
Should I️ move in, rent, rebuild and sell or just sell?
Ok so I️ have a not so normal situation but has huge potential and I’m not quite sure on how to go about it. I️ am about to buy my grandmas house which is currently in a reverse mortgage. She is going to put my name o...
Mario Jay
Owner Financing Note Death Inheritance Tax Question
Hi everyone! I ran into a situation that I could not seem to find the answer to. Essentially, I want to buy a multi family building from a friend who has owned the property for many years. He is in his late eighties, ...
George Mattice
Rental from LLC to personal
I am being gifted a home in Oklahoma that is in an LLC and need to know the best way to move it out of the LLC to a personal name. Any ideas?
Sharon Hall
Title change to a Trust after 1031 Exchange
My husband wants to sell a property (in his sole name) and purchase a new rental property using a 1031 exchange. We'd like to then add either my daughter individually or as part of a Trust. Would that trigger capita...
Kevin Tarazona
Partnering on our first househack
Good morning BP,My friend and I are looking to purchase our first house hack. We have identified a market but would like to know if what we are planning is possible. I am currently active duty so I cannot purchase usi...
Mike S.
2 Person Mortgage, 1 Person Deed
Hi all,I have a Single family rental that I'm looking to purchase but could use some help on the structure component. I plan to partner with my father for the 20% down payment, I'd finance the remaining 80% through my...