Account Closed
What would you do?
My home is currently worth around $370,000. I owe $255,000 on it, $100,000 being a HELOC that was taken out last year. Additionally, I have 50k in vehicle and credit card debt. If I sell my house, I would be left with...
Jason Lucas
Two homes on a single lot - what gotchas should I be aware of?
Hello,
I'm a first time landlord. I'm looking at a property that has 2 homes located on it. The description states: "it is a Invest type of property with 2 houses on one parcel that CANNOT be separated per the city"...
Daniel Jarzynski
First Rental Property
While looking for a quadplex to purchase with my VA loan, I found a SFH that feels like it may be a good opportunity. I was set on buying a multi-family property so I could house hack, but the price point of this SFH ...
Account Closed
Why would a seller agree to an AITD?
I'm about to start shopping for a multi-family property in Los Angeles (most likely 5+ units). Someone suggested looking into an AITD purchase. Did some reading and can see how it benefits the buyer, but can't unde...
Nikki Feliciano
Very Large Rehab/only have earnest money
Hello,I am an newer investor and I may have a rehab under contract as of tomorrow, but it is for a very large amount and all I have is the earnest money. The margins are not there for a wholesale but they are DEFINITE...
David Rice
In a quandary; Wrap around or Lease option for 3 yrs
I have a person in my home in College Station Texas that has been renting for 2 yrs, at 2500$ a month and is always on time. He now wants to purchase the home, but does not want to get traditional financing, since ...
Michael Smith
Just getting started
Hello BP crew, my name is Mike and I'm just getting started as a real estate investor. My plan is to build a portfolio of rental properties in my local market, Florida's Space Coast. I formed an LLC which was official...
Kevin Barrett
Is Cash King for wholesaling?
What forms of compensation are acceptable for wholesale deals? It's my understanding that FHA loans won't allow re-sale for a certain amount of time so is there other forms of financing available besides hard money lo...
Luis Escobar
Looking for advice and wisdom in the Bay Area
Hi BP community,
I own a rental (recently was a primary) in the Bay Area and couple of duplexes in the California Central Valley, and properties in Indiana. However, I am currently renting the place we live in and no...
David T.
Does a short sale HAVE to be listed first?
In all the short sales I have been involved with, the bank required the property to be listed with a realtor on the MLS. In this case, I am looking about getting involved as a buyer of a property in foreclosure as my...