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I'm curious as to which sources should I be looking at for obtaining financing on my first flip. Fortunately, I have excellent credit (765 fico), but my meager $60,000 salary doesn't leave much left over after paying ...
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First National Acceptance Company(Lansing MI) is offering to purchase my private mortgage. I'm considering it, but not sure of the process. The mortgage is about 4 yrs old with 6 yrs left. Any experience or sug...
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Hi all! I started my real estate empire (two buildings!!) last year under an LLC. I filed my 2013 personal taxes and assumed that I could just use Schedule E for the real estate activity. However, I now see that I nee...
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Can some one explain to me what an LLC is? And is it needed?
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I had recently purchased a home and with in less than a week my oil burner stop working on me. I walked into the house and the house was filled with heavy oil smoke. Now my insurance company (USAA) is telling me that ...
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Long time lurker here. I recently became a pro member and have been using the rental property calculator to examine listed properties to familiarize myself with the calculator itself. I am hoping I can get some feedba...
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This is my first wholesale deal and my once motivated sellers aren't so motivate anymore. How would I use my exit strategy when the sellers get greedy?? We have a few more days until the contract is up.
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Hi BP!I am a consulting professional interested in real estate investing in my backyard of the greater Atlanta, GA area. I am new to real estate investing but have been devouring BP podcasts, books on RE investing and...
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Long story short - Father in Law passed away recently and left three properties to my wife and I in his trust. We are planning on keeping said properties as rentals. Our trust attorney told us to meet with a busines...
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BP Community,I am planning on using a FHA loan for a "house-hack" situation in the Pittsburgh area after I graduate college this spring. My intention was to purchase a duplex with tenants on 30-day leases so I can re...