Kathleen DeNault-Ridge
Seller financed deal...looking for advice
I am in the process of crafting a seller financed deal on an improved land lot to serve as a vacation rental. It is in an area with a strong and proven tourism industry. The improvements are: approved building lot,...
Stan McCune
finding wholesale deals
Hey Guys,
I'm somewhat new to BP and I'm trying to educate myself on wholesaling. Can anyone make suggestions on how they find deals to wholesale or point me to a thread on the forum that deals with this ques...
Bobby Barlow
Can I get a mortgage on a paid for house I just had built
My wife and I sold a business and moved to Florida where we bought 5 acres and had a house built for roughly 220000 for the house and 35000 for the land. We moved in about a month ago. I got a new job about 3 months a...
Mario Dattilo
Issues with buying in Corp or LLC
Is anyone having issues with BOA and Wells because you are taking title in your corporation or llc? Bank of america countered with something like "because the buyer is an LLC we are countering with 154k" and told my n...
Account Closed
VA Loan for a multifamily property in Texas
I am looking to purchase my first multifamily somewhere in Houston and as such I am looking to use my VA home loan. I currently reside in California, however I would like to purchase a multi-family in Houston where I...
Maurice Bey
I need a VA approved lender that will work with a bad credit score.
My fiance and I are looking to buy our first home. Neither of us have good credit. She is a veteran so we're thinking a VA loan would be the best route to take to get financing. We live in the Richmond Virginia area ...
Charlie McVan
Lease examples
Hello!I am currently in the process of buying two homes on one parcel, I will live in one and rent the other, after some TLC. Does anyone have examples of straight forward leases? Has anyone used a two year lease with...
Sachin S.
STR tax strategy to offset W2 when I buy land first and then build home ?
Hello BP STR experts, If I buy land first for constructing/manufacturing home, can I then claim bonus depreciation for such a constructed/manufactured home and use that calculated depreciation amount to offset my W2? ...
Sara Habtom
What type of loan should I go for as a first time investor?
Hello! I’m not sure if what kind of loan I should go for when it comes to rental properties. I have zero debt and my credit score is 778. The only problem is that I don’t have 2 years worth of work history. Are there ...
Laurence R. Smith
Banks vs. Private Money Lending: What's the Difference?
When it comes to borrowing money, you have choices. Here's a quick breakdown of the differences between borrowing from traditional banks and private money lenders along with some perks of private lending.1. Approval P...