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Hello fellow BPers!I'm a newbie investor who has been looking for my first buy and hold property for the past couple months. As I continue my search for the first rental, I am debating my overall strategy on how I sho...
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Hello BP,I have been wanting to ask this questions for about a year now, and have finally built up the guts to get some help on this topic. Hoping the BP communicate can provide the insight and guidance I have been ye...
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Here, I'll start:
1. Always do your due diligence.
2. It's better to overestimate than underestimate costs.
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I've got a beautiful home in the san francisco east bay area which is of the hardest hit right now in declining property values. anyway, i bought this house with a friend 3 years ago and our intention was to stay for ...
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I might find myself with $10k, and if I do, I want to be able to use $8K of it be a private investor because:
a) I feel I can get the return in 90 - 120 day, if it's a rehab project.
b) Duh! It's better then a bank....
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Ok...so I saw this ad in Craigslist yesterday:
[i]Invest your CREDIT and make 30k- - No $ Req'd RE
If your looking for a great investment, and you have a 700 Fico or above
you can work directly with builders and e...
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Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...
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I am new to real estate. it is my first flip project. I have two questions hoping you as experienced investors could point me to right direction.
1) I just talked to several real estate attorney and accountants. I h...
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I just had a deal fall apart because hud requested the hard money lender show a bank statement or letter from their bank showing they have enough funds to close the deal, when I told the lender about this they were du...
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So i've heard many people talk about the 1% rule. The rule states that the monthly rent should be around 1% of the purchase price. Now I want to say I do understand this is a rule of thumb and I do understand it's no...