Eric Aldridge
Rent, sell, or refi in San Diego
Good morning you happy people. The wife and I own a 3/2 house in San Diego with a studio apartment in the converted garage. Current estimate for the value of the property is $1.6m and we owe $900K. We are able to add ...
Amber B.
1031 exchange for selling a Single-Family Residence (SFR)
Hello All!I am considering a 1031 exchange for selling a Single-Family Residence (SFR) in order to purchase either a commercial land/pad site and develop houses/office buildings on it. I have a few inquiries regarding...
Tony Nguyen
What are my options when the balloon payment is due?
I am negotiating a deal right now where the seller is willing to carry 90% of the loan for me for 10 years. Is my only option at the end of the 10 years is to sell? My goal is to hold onto these properties to build my...
Pam Smith
REP status for running STR's
Hi all-I currently have a full-time "day" job but would love own/manage STRs full-time. Just curious, anyone with REP (real-estate professional) status on here, how many STRs did you need to get to in order to qualify...
Michael Win
Conventional Loan & deferred maintenance affecting closing
I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
Philip Olivier
Low Down Payment Options
I recently purchased a duplex and went with the owner occupant route to take advantage of the low down payment option. its been 6 months now and everything going well so far. The property immediately appraised for hig...
Ruary Roberson
Need some help with my first rental property plz.
Hey BP, just getting started in this journey and I would love some assistance. So, my situation is confusing me a bit and I don't know what way to go with it. I bought my house back in 2015 with a VA loan for 89k and ...
Patrick Philip
What are the most expensive parts of house flips?
I haven't rehabbed a house yet, but when doing my math, I have found that tile floors, new cabinets, new windows, and new appliances are the most expensive.This is assuming that the air-conditioner and roof doesn't ne...
James Mccargo
Advice
I have a contract to purchase a SFR REO, but here is the problem the owner of the property is still in the house, but the seller of the REO has already foreclosed on the property and they are in the process of the evi...
Nathan Gesner
Have you every been sued as a Landlord?
So many people ask about setting up an LLC or purchasing umbrella insurance to protect their assets from a lawsuit. I personally think the risk is exaggerated and these protections aren't as necessary as one would thi...