Brook Azezew
Financing rental property as a Canadian in Florida
Hi, I am trying to purchase of a rental property near Orlando, Florida. It is a single family home in good condition ready to be rented. The purchase price is US $75K and I have down payment for it. I reached out ...
David Mateo Camelo Corredor
How do I refinance my Ontario house to buy a Quebec property?
So I own a house in Peterborough Ontario that I bought it in 2021 for 302,000 I put around 100,000 into it and some Realtors are saying it's worth around 580,000 (5 bedroom, 2.5 washrooms). My parents have a house in ...
Jefferson Harmon
Getting started on my REI journey
I am so excited to start this journey to financial freedom. I am also very lucky to have stumbled upon BP. My question for you all is this: I am in the process of getting a HELOC for my primary residence. If I cannot ...
Clint G.
Cash out refi on "subject to" purchase
Have any of you ever done this? Are there cash out refi rules on a sub 2? I may end up buying a property to BRRRR sub 2 and using my own cash for the rehab. Thanks!
Alex S.
creative financing - subject to advice
Since starting, all my deals I have purchased with my own funds or either with a loan,never any need for creative financing. Now I have a deal that I will need to be creative on, due to how many I am doing right now. ...
Jess Arce
Sub 2
Hi I am new here and after reading a few discussions, I am wondering what a sub 2 is...Can some please explain? Thanks!!
Ana Rodriguez
Are vacation rentals allowed by lenders?
Hello BP community,Do banks allow for properties to be leased as vacation rentals? If there is already a mortgage agreement in place, what would prohibit owners from entering the short term rental arena vs doing long-...
Mark J.
Tax Question - How to Report Real Estate Sale?
Just received a notice from the IRS stating "your 2014 tax return doesn't match the information we have on file." There were several small items, but the big one was the sale of my primary residence. Since I owned the...
Nicholas Blake
How can you assume commercial mortgage??
Hello there everyone!I have an opportunity to assume a mortgage, when i buy the company that im looking at! The current owner has just turned 73, has battled cancer and doesnt want the bank to take it back!! And he wa...
Mark Smith
What to do? Need advice.
Hi guys. I'm posting this for my aunt and uncle. They have a home in Miami. Valuation is 700k. They have a first mortgage with a current balance of 150k. They want to move further north so they're planning to sell th...