LaShonda Jordan
Planning to Start and have no experience
Hello, My name is LaShonda. I am 22 years old and I live in Benton, Ar. I have always watched home flipping shows on HGTV and found it very interesting , and recently after praying to God to lead me to a prosperous fu...
Conner Parsons
Solo 401k Plans v Self Directed IRAs
Hello BP Community,I am looking to do my first property flip, but am needing to get a little creative on the financing side due to minimal cash on hand. Although my liquidity is limited, I do have a decent amount of c...
Matt Wells
Paying for primary mortgage with paid off rental properties and tax savings strategy
From a tax savings perspective, is this a good idea? If I had three paid-off owned free and clear SFRs generating $3,000 a month in rental income, would it be wise to put down 20% on a primary residence and use my ren...
Alex Jackman
Equity Line of Credit on Owner Financed House
I am looking to acquire a $500k 6 unit apartment building. One of the options to purchase the property it through owner financing ($2,300-$2,400 per month for 20 years 0% loan). If I purchase the apartment building us...
Austin Merritt
First time home owner running the numbers - negative cash flow with a 2.25% rate
I've been running the numbers on my first primary residence that I will be moving out of in June. BLUF - this would be my first rental property and I'm on the fence about what to do with the home. I currently have ...
Mike Higgins
Realistic offers on homes for sale?
hello everyone,New to bigger pockets and new to the REI market. I've been reading countless websites, columns, forums/ etc. and couldn't be more excited. Quick background to my situation is my wife and I own a home (w...
Ajay Malhotra
Investing in a new Fund: strategy is buy multis and rehab
A friend introduced me to a guy he met a few years ago, who is raising $ for a fund (3-4.5 milllion, of which 3 mil is already raised) whos purpose is to buy multifamily (2-10 units) in Philadalphia submarkets, rehab ...
Jake Thompson
Realistic Return for Rental Properties?
So my wife and I have decided to purchase a quadplex here in San diego. We would like to live in one unit and rent out the other 3. Does anyone have a good rule of thumb for a realistic Return we can expect in terms o...
Wade G.
I sold a property with a wrap and I hold escrow so how do I show the owners their year end payment breakdown
I sold one of my rentals with a mortgage wrap last year. I hold escrow for the buyers. I am certain that I need to provide the owners with an end of year statement showing how much they paid toward the loan amoun...
Sam Craven
Newbie here with some questions on how to get on the right track.
I’m very thankful for BP and the people on it, I read it many times a day and my learning has been exponential.
Background:
I’m 26, almost 2 years out of school, married no kids and I own my own home that was purchas...