Jordan Shay
Is this a stupid idea?
The big question: Should I rent my primary residence, or should I sell it after a few years and use the money to then purchase investment properties?Here is my situation: Just built my primary residence (3bed, 2bath) ...
Matt Geerts
Securities laws and private investors
I am on the threshold of needing to raise large quantities of money (large is relative, so I'm talking in the 500k-1.5M). My plan is to offer investments in three ways:1) first mortgage of the full amount2) second mor...
John Chambers
Appraisal came in 200k higher on Cash out Refi - What to do next?
Hello BP Fam!I purchased a property that I was planning on being my primary in Huntsville, Al (35802). A year after purchase, I switched careers and had to move to another state. Didn't want to sell my first home, so ...
Tj M.
Should I sell or rent my old primary residence?
I just bought a new primary house and having a hard time deciding on what to do with my old house. Old has could bring enough to almost pay off new house if I sold it. Pretty sure I could rent it for $2750 and mortgag...
Troy P.
What are the drawbacks of a K-1?
I was reading comments about some crowdfunding site. Someone said they weren't attracted to a particular investment because it was a K-1 instead of a 1099. I was a little confused since a K-1 allows you to claim pap...
Parker Mott
Can Wholesalers Double Close In Canada?
Hi BP Members and Fellow Wholesalers,I'm a wholesaler in Toronto, Canada looking to make an offer on a home very shortly. If the offer is accepted and a PSA is signed, I will eventually have to double close as the pro...
Evan Cochran
Refinance Rental Property -- HELOC vs Cash-Out Refi
Hello! I bought a two-family house in Somerville, MA a couple years ago that has appreciated a good amount. I currently owe $285,000 on the mortgage at a 3.35% interest rate for another 25 years, and believe it will...
Troy Knight
Building a spec house in AE Flood zone
I'm curious if anyone has any experience with building a spec house in AE floodplain, especially in Charlotte, NC within Mecklenburg County. It's my understanding that I can build the lowest level of the first floor a...
Bryan Davis
VERY complicated wholesale deal. Advice?
I've been working on a wholesale deal for the past month that's become a real frustration and I'm about ready to throw in the towel on it and follow up later but I thought I should ask for new insight first. I loca...
Mark Forest
Matt Scott
He talks about obtaining private money. Does anyone have opinions on him?