Michael Loza
Anyone used 401k to purchase first property ?
Hello people of bp, i am in the sf bay area and in the process of purchasing my first home. Through the pre approval i come to find out i am about 30k short in available funds in my account , and cant deposit the diff...
Josh Ambrose
Short Sale Dominate Vegas but still dont sell like REOs
I was wondering how you guys feel about short sales. Do you guys think its worth the time to wait for a short sale or do you guys go straight for REOs because they can close quickly and you know what price you're gett...
JAMES Coleman
Fork in the road- Debt-to-income
Hello all,
My wife and I are at a fork in the road and need some guidance. For the sake of a little background, we bought our first home two months shy of two years ago and have fully renovated it. We bought the ho...
Bryan Hancock
The Case For A Geometric Mean For Quoting Returns
Return citations were getting thrown around on another thread a few weeks ago so I took the liberty of dusting off some old finance texts where people try to get quite specific about citing returns. The case is made ...
Jill F.
The police just called... my 25 year old tenant died (overdosed)
I can't imagine calling his poor parents... he was found by a friend that told police he was staying with tenant (without my knowledge). The police/coroner had taken his body out before they called me.I feel just terr...
Brandon Turner
What will the hurricane do to Houston RE?
Hey everyone,I don't wanna be inconsiderate in the wake of this horrible hurricane but I have a legitimate question.My sister is moving to Houston in a month and currently house hunting. Should I tell her to wait? Or ...
Ned Carey
Getting blown out in todays tax sale
Baltimore tax sale is going on as I write this. Getting blown out. Extreme competition in our space. Typically there would be only on or two other bidders on the low end properties. Today we have 4-8 bidders even o...
Matt M.
Opinions of no-smoking and no-pets?
I'm really on the wall about this one, because lots of people smoke (eww... absolutely hate it...), and lots of people have pets and refuse to separate from them. And I think not allowing those 2 might narrow my poten...
Wesley Mitchell
Are there any BRRRR disadvantages
I was wondering what type of disadvantages or risks comes with using the BRRRR strategy? I own a home that is fully paid currently if i use that (HELOC) to pay for another which i then rehab, rent, cash out refi for a...
Daniel Miller
Why do more people not use principal reduction???
I have a $150,000 equity line that I can borrow from. I have two properties that I am currently looking at. Property A is a 13 unit apartment complex and Property B is a 5 unit apartment complex.
Property A i...