A family member is thinking of using their line of credit on their paid-off house for a friend who is a builder. I am curious if anyone has ever heard of or done this before. Apparently, when the house is built the...
The BP community was critical as we moved from only rehabbing to sell, to purchasing and rehabbing our first rental property. When I came to BP several years ago I knew nothing about real estate, very little about bu...
I own a rental condo that I used to previously occupy. My income from rental property is largely offset due to depreciation. However, I can not show loss against my active income as my joint income is well above th...
My wife and I are about to buy our first house in Hendersonville Tn. It is a growing market right outside of Nashville. We have been renting the house for about a year now with the intention of buying in 2021. The own...
Hi all! I decided to try and start for my first property. My Uncle introduced me to a contractor he used to work with yesterday who buys cheap houses on the south and west side of Chicago and flips them or rents them...
So I have a 3 flat with 1 tenant who is just causing problems. They are all in leases till June and he pays, so nothing I can do. But for the last 6 weeks it has been one thing after another and recently he thinks s...
What are the typical requirements that a hard money lender asks for? Outside of 10-15% toward purchase price, do they look for people with a certain amount of flips already under their belt?
After analyzing house after house, we finally found an auction house worth bidding on. Even had a little bidding war! We got a 3/2 house with a giant shop on .4 acres for $61k, its ARV is looking to be around $130k mi...
I’m curious if the inspection happens before or after there is a written contract? Like let’s says i find a motivated seller and they accept my offer over the phone and we set up an appointment to meet at the property...
Hi Everyone,So I'm looking into buying my first house in the coming months in the suburban Philadelphia area. A property I have been watching (waiting for the list price to drop) was just withdrawn from the MLS. So i ...