Wade Roberts
Renting "Vacation home" vs Investment property
Does anyone have any experience in getting a loan for a vacation home and renting it out vs getting the loan on a property strictly as an investment property?I know some bank will allow 10% down for a vacation home if...
Natalie Wells
Insight on Austin Multi-Family Market (Hyde Park/ Heritage area)
We currently buy multi-family in the Seattle area and are finishing up a project we will be selling this summer. We are looking to 1031 into ideally a 8-12 unit value-add type property in Austin before the end of the ...
Luke Predmore
Taxes on Rental of Partial Primary Residence
So I bought a house that has the basement completely converted into it's own 2 bedroom apartment. It has it's own kitchen and everything, with their own entrance. Currently, I am allowing a friend to stay there for a ...
Alex Witte
Private Money - Necessary Paperwork? How to Present it?
Hello Everyone!When presenting the idea to family & friends about them lending their money to you to invest into real estate how do you do it?Do you have a pre-drafted contract that shows what guaranteed money the...
Ivan Schmidt
I am a traveling nurse. How can I get an owner-occupy loan while transient?
I am frustrated with the poor quality of information for my situation — maybe y'all can help!My permanent address (tax home) is near Knoxville. My work will soon be taking me to North Carolina. I am fully prepared to ...
William Bellefontaine
How to evaluate weather to add a second bath 2 x 1
Hey all! Recently brought my first investment property. Originally planed to make it a 2x2 but now having ran into some complications. Old gas lines in this wall, steal 4” soil pipe through the house, load bearing su...
Scott A.
Portfolio loan house flipping- what i do wrong?
I called a bank mentioned on BP that supposedly does portfolio loans for flipping. I said, "i'm interested in getting a loan for house flipping and mentioned that i'm a first time flipper." The call was over before ...
Jeremy C.
Lending options for established solar farm
Hello BP,I am new to land investing and I found an established solar farm for sale. The local power company and Energy buyer contracts are set, land-lease contracts are set, and the solar equipment are all in place. ...
Hanbin Y.
2nd lien private money risky?
Hello everyone, I was presented a couple of opportunities to invest as a private money lender. It's either new construction or fix&flip. The thing is, both put me as 2nd lien in the note. I heard that 2nd tend to ...
Parker Maher
HELOC vs Home Equity Loan
Hi community,I am looking to get a HELOC or home equity loan. I most often hear about HELOC's so I think that's the best option since it's revolving, however, potentially more risky without the fixed rate.When it come...