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TWO Mortgages for ONE House?
I'm in the market to buy my first home (30 year fixed), and today I talked with my first potential lender. It made me realize that I need to get ALOT more educated. LOL.
They approved me for up to $200,000 at 6.25...
Brenda Budzinski
Tenant runs a daycare from rental property.
I have a potential tenant, single mother who plans to run her daycare business at our rental property. She has up to 5 children on any given day all under the age of 4yrs old. What are the pros vs. cons?
Jeron Crooks
Filing a 1099 on an Willing Contractor
Hi BP,Though this is my first post, I’ve been following the BiggerPockets podcast and blogs since I moved to DC 3 years ago — it has really been inspirational and life changing for me. The power of the voices on this...
Linda Kelly
10975 S. , Los Angeles
The Real Estate person was a friend and she was handling both the selling/buying verbally she told me the price was 125,000 then when it was written up the price increased to 170,000. This is mixed use property comme...
Patrick Hancock
Can you have too many LLCs?
Hello and thank you for the comments and suggestions in advance. Given the ideal situation when owning a rental property (for this example residential 1-4 units) is to hold that property in it's own LLC for liability...
Harvie Arington
Alternatives to selling w/ a lease-option in Texas
I know that lease-options or rent-to-own in Texas are basically illegal (or at least strictly prohibited), but people are still advertising properties for sale on lease-option and rent-to-own in San Antonio. So I have...
Craig S.
Helpful Information On FHA Financing -- Q&A.
Hello All,
I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...
Mark Takata
Improve Apartment Operations
Hey BP, Background: I'm trying to help my dad improve operations on his 8 unit appt complex in the West Adams area of Los Angeles, CA. He currently has 6 of 8 tenants on month to month (2 newest including one that mov...
Matthew Runfola
Newbie Investor Situation & Questions – Southern California
Hello Everyone,I am obviously a novice here, but I am eager and understand it’s going to take time to get things moving forward in relation to my current circumstance. I am looking to hear some advice or general direc...
Scott Lovelady
Imagine for a moment...
Imagine you have:-$170k cash-No investing experience-Steady W2 covering all living expenses and providing $1,500 savings per monthWhere would you go and what would you do?