A future partner and dear friend wants to house hack a triplex as his first home. He wants my involvement as a co-borrower and I think this would be a great opportunity to get involved on a deal at a very low entry co...

Hi BP nation,I'm trying to buy my 3rd property but don't want to pay the 20% downpayment. I figured I would just move from my current place and rent it out, while moving into the new place, thus taking advantage of th...

Hello BP members. I am currently in the beginning phase of getting a direct mail campaign going targeted at 2-4 unit properties in my area. My goal is to find a property that my family (myself, wife, and two babies) c...

Hi everyone, I don't have much experiences in borrowing money and would like to ask for advices. Here is my sum up situation:
I bought my 1st rental property in Oct 2008. Currently I own 5 rental properties + my Home...

Guys and gals, sometimes I get a belly full of hearing the same old conventional wisdom over and over.  Today I'm going to tackle this one:  "Buy only in the top tourist areas."   Are we more worried about investing s...

I want to buy a house 2.5 hours from my duty station. I watched my mom travel 3 hours to and from work (6 hours round trip) when ahe worked in NY and she wanted us to go to a good school in NJ so this is normal to me....

Hi all,

I'm purchasing my first property (Milwaukee) and asked my mortgage broker (Chemical Bank) about transferring the deed after the loan is secured. He said I can't do that. And that I'll need commercial lendin...

Hello BP!

I own a home through an FHA loan. I rent out the spare bedrooms, which covers the mortgage, taxes, insurance, and repair reserve. It doesn't cash flow beyond that, but that was not my goal when I purchased ...