Account Closed
Do I understand the flipping process correctly?
Hello all!I've been scouring the forums recently and I would like to get started in investment with a 'fix and flip' strategy. That way I can build equity to do SFR buy and holds later on. The first step I would take ...
Devon Hutchings
Property Purchase / Loan / Mortgage advice needed - Denver
Hello BP,Im looking for some advice on my current situation and possibly some lenders I can work with. Heres my current personal situation Im trying to change. Currently My wife and I rent a home in the Denver Metro. ...
Ben Roberts
How do you finance a $22,000 rental in Memphis?
I normally wholesale in Memphis, TN but I've come across a rental that I'd like to own. The property is currently rented for $660/mo, I can buy it for $22,000. It definitely needs some updating and the market rents ...
Ken Latchers
Better Arbitrage Ideas?
Since I was on a soapbox on a different thread here, I want to give my opinion on Arbitrage. Recently, Eric Moeller who is running an Airbnb success type business, has abandoned the Arbitrage model in favor of a c...
Calixto Urdiales
IRA questions
Hello there everybody-
I have two questions I would like to ask and hopefully I get some good feed back, thanks in advance!
1. I know the max. contribution to an IRA account for 2008 is $5,000 unless you are over th...
Rita Temple
FHA Loan and flipping first house
So please correct me if I'm wrong. But, I have to reside in the house for a year if it is a FHA loan? What if I was to find a house and use the FHA plus 203k loan, then once I'm ready to sell convert to a convention...
Ryan S.
Do I need a JOB to get a loan? Full time flipper no profession.
So I am trying to get a traditional loan to be able to flip more houses because my bottleneck is funds right now. I know that I can go the investor route but my question to everyone is "will a bank give me a loan"?I ...
Chris Koch
What to do in the first couple years of a new self directed IRA?
Just opened my first SD-IRA for REI, deposited 2017's $5500, and converted to Roth. Plan to do this again in 2018. It'll be maybe a few more years until I have enough in there to buy a turnkey rental (our primary RE...
Tristan Walton
How to Best Finance Furniture in a Short Term/Vacation Rental
Hello everyone,My wife and I are looking to buy a STR and only have enough for a down payment, we were wondering if anyone knew of a way to get financing for the furnishings of the house. Is it possible to use a small...
Brandon Gamblin
Thoughts on using vehicle collateral funds for real estate investing
Ok guys.... Here the situation...I'm strapped for cash. I need a loan to put into my real estate business but my credit is not good and in the process of being rebuilt. I've tried and tried to get a personal loan but ...