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It's my understanding that using seller's cash-back is fraud when you are inflating the price beyond market value. Here's an example:Scenario 1
FMV: $300,000Sale Price on Contract: $350,000Cash back from sellers for ...
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Howdy BP - I'm a new investor looking to get into my first buy & hold property in the next six months. I am working to select the "best" market within a few hours drive of Boulder CO. I've had more luck meeting th...
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Hello All, I have owned a duplex since December 2013. This property has generated profit for me consistently for 6 months. I had repair issues and tenants issue but the new tenants are section 8 and I have not had any...
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Hello,
My grandpa has a home in which he still owes 130k and is worth about 200k as it stands and alot more with a little rehab. He has asked me to help him refinance the house to my name, as he is no longer able to ...
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I am almost to my two year anniversary of being a landlord. Many days are awesome and I love it. Many days are also challenging.
How many years of landlording does it take to come to a place where you feel comfortab...
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Hi everyone! I am an American living and working in Singapore and surrounding countries in South East Asia for over 5 years. I bought my first two SFH properties outside of Cleveland 2 years ago and I recently added a...
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After a stunning collapse on Friday (close to a 50% fall) due to exposure in shaky securities linked to subprime mortgages, it was reported today that Bear Stearns, one of the Big 5 Investment Banks, will be acquired ...
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Hello. My question is pretty straIght forward. Say you find a good rental property and your private/hard money lender approves it. So you pay 20,000 and borrow 70,000 from a private/hard money lender for purchase and ...
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I am a relatively new buy-and-hold RE investor at age 24 who is looking to make a career transition and who needs some advice. My long-term goal is to go full-time as an investor, but in the short term I of course nee...
Hello all, I hope everyone is well. I'm a brand new member and just found out about Bigger Pockets recently after reading and listening to a variety of books on Real Estate and then coming across the Bigger Pockets po...