Cori Leste
Cautionary tale about condos or good deal in tight metro market?
There are different schools of thought on investing in condos so I’d love perspectives on this deal that looks amazing on its surface… until I found the "gotcha"Background: I’m looking for my second investment propert...
Shai Knight-Winnig
Investor Down Payments and Rates for Multiple Mortgages
I've been browsing for a while to try to figure out what are typical down payment and interest rates for loans as you increase the number of loans in your portfolio and I still can't get a good grasp on it. These lim...
Samuel Bavido
Building a business line of credit for BRRRR
I recently listened to one of the BP Podcasts in which the guest talked about using a business line of credit to BRRRR properties. I'm really interested in doing this. I'd like to hear your thoughts on how to go abou...
Matt Geerts
Securities laws and private investors
I am on the threshold of needing to raise large quantities of money (large is relative, so I'm talking in the 500k-1.5M). My plan is to offer investments in three ways:1) first mortgage of the full amount2) second mor...
Jake Hancock
Tax issues on corporate owned property
Hello all,I have a dilemma involving tax issues on a property I own.In 2010, I purchased a single family residential property. It was purchased by my (solely owned and managed, I have no other employees or officers) T...
Kyle Schroeder
San Diego Ranks As The Least Affordable City In USA To Buy a Home
A few weeks ago, San Diego was rated as the least affordable city in America to purchase a home. This does not mean that we have the most expensive homes, but rather wages have not caught up to the skyrocketing price...
Jin Zhang
Is it legal to close a doorway of a SFR to turn it into two units
Hi everyone, I have a naive question and could not find a good answer by googling. I am wondering if I could close a doorway and turn a SFR into two units and rent them to two different groups? Is there any legal cons...
Reggie Dumont
Cash from credit cards for downpayment
I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever...
Jocelyne Sema
Should I wait or should I jump in right now?
Hi BP members,I am a newbie, aspiring investor in RE. Here's my situation:I own my residential house, located in Laval (Quebec), appraised at 350K, and still 50K left of mortgage to pay. With the current reimbursement...
Tony Henderson
I need advice on getting started with the right financing.
I'm new to investing. I've been educating myself for a year and I am ready to do my first deal but raising capital seems to still be the obstacle. I would like to by a single-family residence to begin with and rent it...