Sanjiv Mehta
Financing options for SFH rebuild in San Jose area
I got lucky with a SFH and got it much cheaper than appraised value in Aug 2020 for $1.8M. Our plan is to demolish the house, build a new there, live in it for 2 years and then sell it and get the $500k tax exemption....
Jesse Brooks
Looking for creative financing strategies with short credit history
Hey everybody! I'm a new real estate agent in the Portland, Maine area. I'm full time as a real estate agent and also work 1099 as a carpentry apprentice on the side. I'm looking to buy my first property as a house ha...
Matthew Vorce
First Duplex Closing Costs
Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...
Jack Rozema
Personal v. Commercial Loans
When looking to finance your purchase of an investment property (I'm thinking of smaller properties like single family homes or duplexes), is it better to use a personal/conventional loan or try to get a commercial re...
Jay Campbell
Strategy for 1st Rental in DC, MD, or VA
Hi,I'm a brand new investor, currently living in northern Virginia, looking to purchase my first rental property within 2016. I've done a lot of reading/research, listened to BP podcasts, and read through the forums a...
Vickie Bruce
Do I need Insurance on house that I am renting out
My mother passed away and we are renting her house out. I just became aware that she had no insurance coverage. Do I need to get insurance if renting it out? Why is the insurance so expensive?
Johnathan Alesso
How do investors reach financial freedom in expensive cities?
My fiancé and I are moving from one expensive city to another, albeit much sunnier, city in California. The housing is expensive in both places, rendering house hacking or fix and flipping almost impossible. I inves...
Ryan Saulle
Conventional? Portfolio Lender? LLC? Planning ahead
Hey BP members!My brother and I are about to purchase our first flip property. We have the 20% down, is a conventional loan through a bank the best option putting it in one of our names? Is there a faster or better wa...
Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
Christian De Jesus
Not there yet
Hello all,
I joined BP about a month ago and have done nothing but study REI since then. The very first advice I received in my introductory post was to purchase a multi-unit home and rent out the other units. With ...