Hey gang! My fiance and I just got our first house and we are planning to convert a section of the house to an auxiliary dwelling unit and rent it out. We started a shared bank account and are on our way to setting up...
Hello BP nation! So a while ago I posted that I had some cash and what to do with it. A few suggested that I lend it and/or provide them with bridge/gap funding. My question is how do I secure that and make sure I get...
Was wondering if anyone has had any experience with Trading houses.
Can just say someone in Indiana wants a house is Texas and a Texas guy wants a place in Indiana, and just traded deeds. Trade a good house for a reha...
Owners called me. They want out. NOW. "we want to be able to forget we own it"....
Nice 2 unit. 3/1 each side. rents 650/side. Mortgage payoff is 65k or 640 monthly with tax/insurance bound. After mana...
Is there an advantage to Hard Money Loans over a Line of Credit at a bank? If I'm planning to buy SFH for a rental at 65% LTV, do light rehab carpet/paint, get it rented, then refi into conventional loan at 75% LTV.
...
Hi, I want to buy a multifamily home with my relative. General idea: I pay cash for entire house and for renovations (already got funds). My partner is in rehub business, he will do renovations. After renovations are ...
Mathematically speaking is there a best time to sell a rental property?I figure there are diminishing returns the longer you hold a property, so it should be best to sell and buy a new rental. However, the only variab...
What liens survive a first mortgage foreclosure? Let’s say you buy the banks lien at the foreclosure auction and you win the bid and own the property. What liens get whipped out and what liens survive?
Hi folks,
In South Florida, or from any folks that have experience...
How do I formally (proper paperwork) lend money?
I want to act as a lender for a renovations project on a property owned free and clear.
Plan ...
Good morning all!
Just a few short months ago, my 2 partners and I created an LLC for the purpose purchasing buy and hold rental properties. We closed on our first multi in July. The mortgage is only in one of the pa...