Tone Church
Surprise! I need $3,300/yr flood insurance.
I am under contract for a two-family property in New York State. My deposit check has already been cashed and the appraisal was just performed for my FHA loan. I got a note from my lender today letting me know that th...
Mateo Way
Tax debt pay off prior to closing
Hea BP Forums!I have found myself in a bit of a pickle.My wife and I have a property under contract for 345k with 20k in seller credits at closing, funded with a FHA loan. We passed inspection with only some minor pai...
David Nacco
Calculating your net worth
This is a stupid question but do you count things like cars, jewelry, watches, etc. towards net worth
William Gan
New Investor in Brooklyn, NY - curious of people's views on units
Hi all,My name is William and I currently live/work in Brooklyn, NY. I moved to NYC about 4 years ago, and have been renting so far, but realized financials are much better on the owner-operator side. My goal for my f...
Amit Sharma
Are Gatlinburg, TN current prices already spelling negative cashflows for New buyers?
Hello Group. I am in the beginning phase of my journey towards 1st listing. So every variable, and every unknown is an uncertainty that I need to flip into a confirmed piece of information as I move forward. Request ...
Shiloh Lundahl
Is there a SHORTCUT TO WEALTH?
Many people invest in real estate in order to create passive income and eventually become wealthy enough to not have to work a regular job for the rest of their lives.I want to pose a philosophical question. Is there ...
Bill S.
Non-success Story
So there ought to be a forum section for mistakes. A place where we can post our defeats, where we can process what went wrong and share with others so they can avoid the pain. Since that doesn't exist. I'll post here...
Kirsten Walstedt
PRIVATE LENDING QUESTIONS
Does anyone know whether there is already an article somewhere on BP about how to become a private lender? I have some cash that I want to put to work, but I do not know how to start out as a private lender, what t...
Alexander Alguire
Your BIGGEST "There's no way I can do this whole REI thing"
As I am in the process of getting educated and either finding a lender who will lend to me, or a partnership/other sort of creative way to buy, I had a total "how the hell am i going to do this moment" last night that...
George Duchatelier
PURCHASING RENTALS WITH NO/LITTLE MONEY DOWN. Doable?
As of right now i have 2 rental properties in Youngstown and Niles and closing on 1 more next week. Needless to say my capital is pretty much gone.I found 2 SFH in the range of 49k-59k I would like to attempt to buy. ...