Zach Mannon
Is using a home equity line of credit (HELOC) a good idea?
Hello everyone, I am trying to find ways to buy a investment property. As of today I have 1 rental with an approx value of $200,000 and I currently owe $110,000. After meeting with the bank they agreed to giving me u...
Elijah Primachenko
Real Estate broker Wants to get Into Rentals
Hello everyone, I am excited for 2021 and glad to be part of this community! :)I have been a real estate broker for 7 years but never got into rentals. I would like to use the BRRR strategy, ANY INFO HELPS. My goal is...
Wes Park
Seller refuses to transfer tenant's security deposit and rent
Hello All,I just closed on a tenant-occupied investment property. At the closing table, the seller said he will not relinquish the tenant's security deposit nor the prorated rent for the month. He stated that my need ...
Ernesto Salgado
Properties through Sheriff Sales
Hi all. I'm looking into buying properties from sheriff sales. I KNOW... I know. But like everything else, I've heard of both positive and negative experiences about these kinds of purchases. My question is about the ...
Jessica Piff
Multi Family Zoning Issue and Refinance Question
This post has two parts.
First, I'm looking to close on this 6 unit multi family and today my realtor said she found out that the property is only zoned as a 3 unit. I spoke with the owner and he said he bought it as...
Ruth Lyons
Question about foreclosure auctions in Baltimore County
I'm looking for some insight. I went to an auction to observe yesterday. One house I was interested in was bid high by the lender. His bid was clearly at the ARV level even though the home was in foreclosure and neede...
Jessica Mac
Help finding deals owned outright by owners
Hello All,The last deal I did was a huge success. Made 100k profit and split it 50/50 with my partner. I found beat up house and knocked on the door. Simple as that!They had inherited the prop and wanted out. It was ...
Mo Karney
Family friend needs options to come up with downpayment...
So I recently put under contract a 90-unit building and the downpayment is $600,000. I can put up the entire amount but would rather take a smaller slice and a family friend is more than willing to put up the other $3...
John Pearl
Determining value on vacant apartment building
Greetings,I have recently started analyzing some deals in the small apartment building realm. For the past year or so, I have been reading everything I can and scouring the BP forums and now its time to start taking s...
William Curry
Creative financing for 1st rental property.
I have been interested in getting involved with buy and hold real estate for some time now, and an opportunity has jumped into my lap from a family member. The only issue is the price is 400k and I need to figure out ...