Ti Hon
market value vs. default loan
Hello everyone,
I have read many posts .. if not all for the last month or so .. but still quite not comprehend why banks are listing REO properties at market value ( at least in State of California ) eventhough I ha...
Bradley Mair
Primary Res to Rental and Repeat
Has anyone found success in turning your primary residence into a rental, buying a new primary with 3-5% down and repeating each year?Thanks.
James Carlson
Colorado Springs approves STR/Airbnb ordinance
To all you Colorado Springs short-term rental owners and those considering an investment, here's an update from last night's city council meeting about the short-term rental ordinance.It's good news. The city council ...
Jeff G.
Renting By the Room to Disabled Tenants for Above Market Rent?
I keep hearing bits and pieces about a rental strategy that is best called "Renting to the Disabled by the Room for Above Market Rent" that goes something like this: (1) Buy a house with as many legal bedrooms as you ...
Bryan Pham
Recommendations for Self Directed IRA
Hello BP!I recently left my W2 job and want to transfer my 401K over to a self directed IRA. I read a bunch of reviews online for various self-directed IRA companies but the testimonials are mixed. What are some recom...
Bryan Hancock
SEC Staff Recommends Updates to Accredited Investor Definition
On December 18th staff from The SEC recommended changes to the accredited investor definition. I'm interested to get people's feedback and thoughts on the proposed changes. Many on BP should be very excited about th...
M Marie M.
DCRA's PIVS- good for property info
I want to let y'all who are looking at property in the District of Columbia to take a peek at the Dept of Consumer and Regulatory Affairs' Property Information Verification System, or PIVS ( http://pivs.dcra.dc.gov/PI...
Maxine Attobrah
Lending Club vs RE crowdfunding
what's the difference between lending club and sites like patch of land besides needing to have a minimum of 5000 to invest and it only being for real estate?
Cameron Hoehne
Escrow Requirements for High-Cost Loans?
Hi everyone,As part of a curriculum I'm developing, a required topic is "Requirements for an escrow account associated with a “high cost loan”. I'm able to find specific information on escrow requirements for higher-p...
Brittney WIlliams
Denied financing due to being a Small business owner, no AirBNB
If anyone else has experienced this while trying to refinance, please let me know. With perfect credit, 6 figure cash reserves, and a 6 figure self employed income that wasn't affected by Covid, we were just denied re...