Hello. So I have owned property that’s part of a POA for 3 years. They have always sent an invoice for yearly dues. This year, everyone is arguing because almost no one went to the POA meeting due to Covid. We did not...
Hello,I'm lending a long time friend money on a house that we are going to flip. I've flipped in the past but not lately. I've flipped and I own a few properties, but I've never lent money. Its not going to be a ton o...
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Let’s say the worst case scenario has happened, and now you’re at the auction for the property you had to foreclose on. How can an investor afford to open the bidding at the price of the UPB and costs? If you win, d...
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Hey BP!For those who have been in the Real Estate world for some time now, know that it's not aways easy and that the learning stage is never ending! If time travel was possible - what advice would you give your young...
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Hello BP family,Just a quick question...When you put a new roof on, can you recoup that cost at the refi?In other words, the duplex I bought was $45k.A new roof, 2nd floor floors and kitchen ran me approximately $16k....
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I have a portfolio of a SFH in Atlanta which over the covid times has appreciated and I'm looking for ways to realize the profit. I have a business in the state of WI where I often travel and also have a team of the l...
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I'm looking at buying my first STR in the near future using a secondary mortgage. My goal is to then hopefully buy a new primary at some point afterwards in 2022. My lender is unsure if income from a secondary home wo...
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I am new to real estate investing and my goal is to have my first positive cash flowing SFH property within the next 3 to 4 months. My question is with all the different financing options such as conventional bank loa...
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If I own a house that I owe an existing mortgage on, can I turn around and sell it owner financed?
For example with some made up numbers, let's say I owned a 100k house, and I owed 60k on it at 3.5%. Could I turn ar...