My wife and I own a 3 family in Newark NJ that we bought using an FHA loan (3.5% down) 3 years ago. We currently live in one unit and rent the other units out. I have a loan balance of approximately $410K and pay $270...
Hi BP Family,I’m new to real estate market and have decided 2019 is the year I finally jump off the plank into the world of investing. I would appreciate any advice or suggestions! Thank you in advance. I’m born and r...
Hello BP - I'm about to secure my first REI (MFH) in FLA via conventional financing. I have read about placing properties in an LLC but there is a risk of violating the Due on Sale Clause. Speaking with my lender/br...
Hello all,If I am just getting started in investing, and am planning on picking up a few properties this year and then scaling, I wanted to know your thoughts about opening a business.Is it recommended to open an LLC ...
Hey, Reo here. Bran new. Hoping to get some help on my first deal.I want to offer to buy a lady’s house. She’s an old widow who doesn’t really want the property. She got it when her husband passed and doesn’t know...
I'm dealing with my first vacancy/getting a new tenant. My prior tenants were fine and have handed in there keys. I was wondering if I should change the locks on the doors when I change my tenants.
Are there a lot of you all out there that do this? We found some lots in a new neighborhood that has both, new houses and new duplexes. The duplexes all look the same, probably same builder, I was wondering if you a...
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...
I have asked a few question trying to find a strategy to purchase a property. Is it possible to borrow money from a hard money lender to purchase a foreclosure property for cash then refinance the property to pay back...
so i want to finally get a name and llc all set up for my business so i can legally be called a business and pay taxes to those lovely irs people :)anyways, wanted to know if there are any ways that are better than an...