Michael V
How do I continue investing after I've spent all my money on my first 2 properties?
After purchasing 2 rental houses in two years I've learned more than I could have ever imagined. This is clearly the way to create wealth and I am in love with it. I now find myself in a position where I have spent ...
Brandon Stiles
Building line of credit for LLC?
I'm working on my plan to start flipping houses and I figure if I can work my way up to a $300k line of credit for my LLC I can fund 2 rehabs at once and cover carrying costs without having to use my own cash. I have ...
Van Quoc
Manufactured home for air bnb
Hi BP pros,Is it a good idea to use manufactured home for air bnb business?Thank you in advance for your adviceVan
Roger Lin
Pre-fabs
Hi,
I am a relatively new rehabber. Although I enjoyed my experience with my first rehab, I am beginning to feel like sometimes building a new house might make more sense. I started looking into pre-fabs and was in...
Elizabeth L.
Using a 0% APR Credit Card to pay for rehab to gain points?
I have a large renovation coming up in a month and thought it would be a good idea to pay for the rehab work on a 0% apr credit card in the hope of gaining thousands of points for future use. Just wanted to know if an...
Marcus Griffin
1st deal loan modification help
I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 paym...
Michael J. Beasley
Is this lender just blowing smoke?
I recently signed up for a 0% APR credit card. Shortly thereafter, I got a thing in the mail from a local lender saying that I qualify for their discounted rate program: a $726,525 loan at 4.15% APR over 30yrs. I made...
Art Maydan
Got a letter saying I'm pre-qualified for an FHA loan
I'm in the process of getting pre-approved for an FHA loan to buy my first multi-unit and I got a letter in the mail from Marketplace MC saying they'll give an FHA loan with a "2.75%(3.14%) APR for a 15 year Fixed Rat...
Account Closed
Best credit cards for buying home improvement/rehab material
Hey guys. Been trying to figure out the best way to pay for the construction materials, and best thing I could come up with is the Citi Double Cash for 2% cashback. The Home Depot and Lowe's cards I don't think are ...
Kyle Murray
BUYING A DUPLEX WITH INTENTIONS OF OWNER OCCUPY LOAN
I am wondering if I were to buy a duplex with a conventional "owner occupy 1-4 family" loan, and I do not end up moving in but instead I rent the unit out, what would the ramifications be if any? Can they call the loa...