Paul Castillo
Tax Questions Regarding "Unplanned" Flip
Earlier this year my wife's uncle unexpectedly passed away. Her remaining Aunts and Uncle were handling the estate. They were much older than the deceased Uncle and were struggling with having to be at the house for...
Michael Steyn
$150 000 (cash) No Credit Score: Best Strategy
G'Day BiggerPockets,I will be immigrating to the States in July and currently contemplating what the best investment strategy would be for someone in my situation. I would not have a credit score when I first arrive, ...
Adam Stroik
Cash-out Refi vs HELOC?
Greetings BP!I posted a previous question regarding using equity in a SFH rental I have in San Diego. Its worth 500k and I owe 220k. It is in a 15 year loan with 9 years left. previous question was let it ride or u...
Karah Collins
Home too dangerous to enter?
Hi all,Was browsing new listings this morning and saw a home on the market that looked really great....aside from the giant hole in the ceiling over the kitchen! Apparently the home is now lender-owned and has been de...
Lisa T.
"The Rules" of Investment Property
Clarity please! When calculating a potential deal, is the "Rule of Thumb" 70% or 75% (i.e. ARV x 70% - Rehab = Max Offer)? Also, any recommendations for estimating rehab cost (i.e. ARV x 10% + $10k = Rehab Budget)? I'...
Jon Wisniewski
Give up equity in exchange for trust?
My fiancé and I live in NYC and know we do not want to raise kids here. We have 2-3 places elsewhere in the country we want to raise kids where we also have trusted friends/family who are renters. Idea is this:
We ...
David Miller
Extra Bathroom vs. Rental Proprty?
I find myself at a fork in the road - should I add an extra bath to my current home OR buy a rental property? I've had comps run for my home in West Nashville and if we add the extra full bath, our home value will inc...
Mashika Johnson
Rich Dad Poor Dad...the Assignment
For those of you who read Rich Dad Poor Dad, you know about the 3 day real estate class that Robert Kiyosaki took. His instructor gave the students an assignment to find 100 properties in 90 days and do a one page rep...
Ofer Eyal
Practicality of Flipping Old Properties
Hi BP people,
For those of you who are flipping properties built prior to 1978, I'd appreciate if you can talk about dealing with things like lead-based paint, asbestos etc., nowadays (when market is crazy and you ne...
Kristopher Kelly
What's My Next Move?
Hello All,Let me set the stage for the best possible help. In September I got a condo that I can cashflow about $200 a month.I have a VA loan on the property. Is it worth going and buying a Multi living in one unit an...