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Hello,I'm about to close escrow on a situation where I plan on creating a seller carry back note and then immediately selling the note after closing. I would appreciate feedback and opinions on if this was smart or a ...
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Hello, I am new to the Real Estate world been into it for about 3 months and going. Looking to house hack for my second home and rent out my Primary home by the room. Not sure if I should leverage equity on my curren...
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Hi BP'ers,My partner and I are potentially buying a property that is being fully seller financed. 3% interest rate, 8% down, 900K purchase price, 5 year balloon. Numbers, cash flow, and upside work out well. What are...
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I am having some problems with the BRRR strategy, particularly with having my first property in the name of a LLC.It seems that the banks in my area won't (can't?) refinance the property unless it is under my personal...
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Hello,
More SDIRA questions - I am putting them under separate heading to hopefully make them more useful to others too.
I understand that I can not 'do the work on the property to make a profit'. As might be the cas...
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Hello All. I am a contractor in the Philadelphia area, i live in manayunk but have a far work radius. I am looking for some investment properties in the area or surrounding suburbs. I am looking to connect with any wh...
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My property manager called me about a prospective tenant that passed our application process for income and credit score - Its Grandma, her daughter, and 2 children.Grandma runs a day care out of the house with 5 kids...
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Hi everyone! So I am working on a project where Im converting 2 condo units into one and then potentially selling or refinancing and renting it out via STR. Total process is a couple months.My problem is that due to m...
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Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...
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Looking for tips and creative ways to protect yourself when tenants don't give enough notice. Tags: Buffalo, Rochester, NYS