William M.
NNN Lease Debt Assumption - Here's the details and questions
Property Details:Purchase Price: $9,500,000 Annual Rent: $498,804 Cap Rate: 5.25% Lease Expiration: 2/28/2038 Lease Type: NNN Year Built: 2013 Options: 10, 5-yearGross Leasable Area: 14,534 SFBuilding Class: BLot Size...
Jeff Jennings
Can you really buy investment properties with zero money down?
You hear all of these people (so called Gurus, self proclaimed obviously) talking about how when they got into investing they had no money and had to come out of pocket with zero cash in order to obtain their first pr...
Salvador Gallardo
HELOC vs hard money lenders ?
I own a fully pay off property, this property has a market value around 200k. I would like to get a heloc on this property and start doing the BRRRR strategy or is a better idea get a hard money loan vs the heloc?
Lance Luvaul
Credit went from Nil to Excellent... can this be real?
Hi all, I just want a sanity check from the BP folks here.I just asked my dad to add me as an authorized user to one of his credit accounts in the US to help me rebuild my credit scores there (since I closed all my ac...
Matthew Thomas
Getting started with $30k and no credit history
Hello, I'm new here but I guess the title says it all. I am 19 years old and I have about $30,000 to invest in real estate. I have no credit history and I'm wondering where to begin. Real estate in my area is fairly r...
David Espinoza
What should be the focus Credit card debt or buying the first house?
I have plenty of Credit card debt but I wasn't sure what's better immediately focus on the debt or don't worry about it for now and look on buying a house with the idea of flipping the house and using the profits to e...
Amy E.
What Makes a Good Tenant?
I'm an engineer. I own 5 rentals but have only been in business about 2 years. I've had 7 tenants, 4 great, two mediocre, one lousy. But there seems to be no trend as to what stats I could've looked for to determin...
Steve S.
Trying to achieve financial freedom - WHAT NOW?
Here's my situation. I'm 40 years old. I have 4 rental properties. 1 has about 50% equity. The other 3 have around 30% equity.I have about $800,000 in my 401k.I have about $200,000 in cash.The 4 properties are on ...
Curtis H.
How to boost credit before applying for a loan...
Hello all, I just went through this personally so I thought I would share it for anyone else who might benefit. I don't get anything out of this besides knowing it helped someone else. I had good credit but I wanted E...
Joshua Dorkin
Credit Line Cut? Credit Card Closed? Tell Us About it.
Two weeks ago I was informed that my Chase credit card, a card I've had for around 15 years, was closed. I was told that I don't use the card enough and that I was "costing Chase money." I'm sure my FICO will be neg...