Collin Hays
Beware of "land for sale" scams
A fellow contributor here, John Carbone, sent me a link yesterday to a lot for sale in the Smokies. The price certainly seemed reasonable. It so happened that I know the owner of the lot. He is one of our homeowner...
Joshua Walters
HOA Foreclosure- Mortgage Payoff
I bought this home from an HOA foreclosure auction. The house is worth $650,000 (conservatively). The previous homeowner took out a mortgage for $275,000. Since I bought it from an HOA foreclosure auction, I know the ...
Account Closed
BRRRR Strategy Explained & Cash-Out Refinancing
I've read a bunch of articles on BP but still can't get my head wrapped around the BRRRR strategies and specifically the financing parts of it... Could someone help me fill in the gaps?Obviously BRRRR stands for:B - B...
Marina Wong
Special financing creates value
I am a first time investor in multi family. In the process of purchasing a multi family in Lowell, MA. The seller is financing at 15% down, 5% interest rate, 30 yrs amortization, 15 yr balloon payment. Due to this,...
Marcus Geiser
Own it Outright, No $ for Rehab, What Next?
I have purchased a house. Filed the deed in Allegheny County. I own it out right, no mortgage.
3/1 in Quaker Valley School District. ARV$120K or conservatively speaking $100K is a no brainer and where I have run my ...
Tyler Shoaf
Need help! Seller wants to back out of signed PA
Hello BP Community,I have recently put a property under contract over the weekend here in Indianapolis, Indiana. The Title Company just began the title search earlier today. I'm not sure if the owners can legally back...
Rodney Kuhl
Indianapolis - How can I change the title from my name to my LLC when the loan is in my name?
I invest in Indianapolis, and I am closing on 2 more rentals in the next couple of weeks. I have been working with a great lender and I have been able to lock in low 30-year rates, which is definitely a great thing as...
Bienes Raices
"Are you the owner?"
This time around I've noticed more and more applicants asking me this right off the bat. They've told me they don't want to deal with houses run by a PM.
I've never probed for the reasons why. Is this because of the ...
DAVID GAGE
WOULD YOU RENT TO THESE PEOPLE?
I HAVE A FRESHLY REMODELED 4BR 2 BATH HOUSE THAT I'M TRYING TO GET RENTED. I'VE SET THE PRICE A LITTLE HIGH BECAUSE OF ALL THE RENOVATIONS I'VE DONE AND PEOPLE SEEM TO BE BALKING AT THE PRICE A LITTLE. I'VE HAD LOTS O...
Alex K.
Los Angeles too expensive to invest for newbie ?
I live in Los Angeles and I am trying to find my first deal to buy and hold . Should I look for deals in Los Angeles or out of state ?