Lynn Hill-Torres
Making Money before the "Refinance" part in BRRRR
Good morning BP. My husband and I are new to investing and are making moves toward our first property in Baltimore Maryland. My brother does property management and rehabbing on the contractor end, my Mom has a rental...
Tou V.
Best strategy to get Title in my name and save on taxes?
A few years ago I had my brother purchase a investment property for me, because I couldn't get a loan at the time. Initially I was told yes, but when it got closer to closing, loan was cancelled. Basically I paid fo...
Josiah Sia
Can you BRRRR with financing, or just hard money/cash?
Starting out with REI and the BRRRR process seems great. For someone with minimal connections and little capital ($50k) it will be difficult to do a complete BRRRR project. Almost everything I've read or listened to i...
Sarah Gwiazdowski
Seller financing Question
We are working with an eager seller to take advantage of his 3.9% interest rate. Specifically in New York State, How strong is a land contract? Will a land contract transaction trigger the bank to foreclose (or requ...
Travis Howser
US Citizen Working Abroad Needing to Pre Qualify for a Loan
I am a US Citizen, I pay US taxes but earn Foreign Income. I can provide bank statements (both in the US and Internationally), proof of pay from Foreign company, and have a high credit score. I am in the process of ge...
Brennon Manske
Hard Money Payments
We are new to the private lender concept. If you are getting a loan from hard money. The loan is set up on a 1year term. When is first payment due? Would we have to make largest payments while in rehab before selling?
Dawon Irvin
Exploring the ABCs of Real Estate A Dictionary of Real Estate Terms
This post serves as a detailed reference point—a compendium of real estate knowledge that delves into the fundamental aspects of this dynamic field.
1031 Exchange: A tax-deferred exchange allowing the sale of one pro...
Shane Welch
1.2M 5 Plex - How to finance with $0 Down?
I am looking at a 5 Plex for $1.2M. I could easily live in the only vacant unit, all the others rent for $2,300-2,500.I do NOT have any money to put down. What are some creative ways to make a deal such as this, or ...
Chris Springer
First property. OPM (HELOC).
Investment Info:
Single-family residence buy & hold investment in Pottstown.
Purchase price: $121,000
Cash invested: $2,000
Our first property was bought under our LLC with our HELOC. Tennants ...
Ariela Perez
HELOC and HEL on Primary and Conventional
Hi everyone!I am new to investing and to BP! So happy I have found this forum!I have a good amount of equity on my primary home and currently applying for a HELOC. I have a high interest rate (4.375%) on my 30 year bu...