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Hey Everyone. My wife and I started purchasing homes when the market down in 2009. Over the next 3 years we bought around 25 homes. We kept purchase prices down by buying homes with good bones but needed work. I a...
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Hi, everyone! I am stressing out as I seem to have gotten myself into a pickle with my cash all tied up! I do believe there is a solution so I am asking for some seasoned advice. Here is my current situation:
My port...
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Howdy!
My wife and I are looking to try our hand at the BRRR tactic on a distressed property in Waco, TX. After listening to Podcast 233 (with Arianne Lenore) I am increasingly interested in the Delayed Financing st...
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Looking to get in to my first deal. Targeting a single family home requiring zero to minimal repairs to rent out. The goal of the property will be cash flow. My thought is to hit a 70% LTV (which makes my down payment...
I am about to put an offer in for a duplex in Austin and my lender informed me that I would have to have a rental lease agreement showing the arrangement is in place for at least $1700 rent for my tenant (because I am...
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A common scenario I find is this:1. Fannie or other property is listed for sale.2. It sits unsold for some too-long period of time.3. I make an offer.4. My offer is accepted. 5. I am informed that there are suddenly m...
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I have a client who's retired on social security with $1400 a month. He has a $250 mortgage payment on his current home. But not really any other debt, drives an old toyota, that type of guy. If they wanted to purchas...
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Would it be fair to assume that most properties that go to tax sale are owned free and clear vs having a mortgage? Because I don't see how/why a mortgage lender would allow a property that is delinquent to go to aucti...
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Hi all. Open for feedback here. I have plenty of equity in my primary residence to fund the purchase of an investment property. Buy and hold. Already own two rentals, this would be our 3rd. Very much in fav...
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I just wanted to say hi and introduce myself to the BP Community. I should also add a Thank You for all of the knowledge I have gained since joining the forums. I figured it was about time to make a formal introd...