Jordan Robinson
Wholesale Subject to Opportunity
My partner and I are currently working on wholesaling a deal where our seller owes about $95k and it's ARV is about $130k and it needs about 11k to get it there. Based on the 70% or ARV less Repairs formula, we would ...
Courtney Mccrear
Trying to multifamily househack in HTX
Investing into Real Estate the last 2 years has been the BEST rollercoaster ever. A literal rollercoaster, but after 2 years I can say Real Estate has allowed me to achieve paying off 80k in consumer debt/ credit card...
Samuel S.
Subject-To vs Land Contract
Hey BP folks,Was hoping I could get some advice on what the main difference is between a subject-to, and a land contract? If a motivated seller has a property that's been on the market for awhile, what would entice t...
Fernanda Duran
Any way to 1031 into an assumable mortgage (FHA, VA, or anything else?)
With interest rates as they are, I'm wondering if the above is possible. I've seen SOME assumable mortgages that are for investors, but those are balloons. The only fixed assumable mortgages are either FHA, or VA. Is ...
Joshua Bailey
Change of plans on buying 1st property
Plan was to pull a HELOC for 25% down payment and then a mortgage for the remainder. Bank came back and said I can only do one with my DTI. My new plan is to pull just a HELOC and buy a foreclosure/auction property wi...
Cesar M.
Buying Subject To and Refinancing
I have a family member with a investment property they no longer want to deal with. I'm looking to take it over for them. My initial thought is to buy it subject to and because they have a high interest rate have it...
John McKee
How to do seller financing with a loan on it
Question for the group. I have 1 million dollar property with about 500K left on the loan. How can I sell it with seller financing if the bank already has a note on the property. I can't afford to pay off the 500K m...
Brad Cullen
Cash out refi to invest
I am a newer real estate investor. We currently have 2 rental homes that are doing fantastic. Our primary house has an abundance of equity in it and we have 25 years left on our mortgage. I'm thinking of doing a cash ...
Steve LeBlanc
Portfolio Loan interest....is it deductible?
I'm in the process of combining 5 of my investment properties (currently individually mortgaged) into a portfolio loan. Is the interest paid on this new portfolio loan deductible just the same as the mortgage interes...
Reggie Rearden
Commercial financing / LOC
I having a hard time with the lender I chose to use for a commercial refi and a portfolio loan. We started the application on Feb 14 and still do not have a closing date. How long does something like this usually take...