The hard money loan is considered asset-based financing. This simply means that the person who is borrowing uses the physical property as security in exchange for financing. This type of transaction mostly involves re...
Hi BP, I just had an offer accepted on my very first house hack in Bay Area, CA. This is a 5 bed 3 bath older SFR. We're starting to think about how we will update/add value to the house, and as part of the considerat...
A friend of mine has a landlord in CA who made his own lease agreement requiring the tenants to be responsible for replacing any appliances including normal wear and tear. (Appliances were supplied by landlord and are...
Found a deal to house hack, spoke to 4 different lenders and everyone promised they could do the deal when they asked for the initial set of documents. Decided to go with one of the one that promised we would have clo...
Hey BP just just got a 2021 Notice of Assessment for a property I closed on in Nov 2020. The city states that taxable value went from $23126 to $40100. Taxes are now increased by an additional $1585 a year ($132/month...
I’m looking to approach a seller of a duplex for 294,000.. This would be my first rental property. I will be house hacking. I sent a message and honestly did not think I’d get a response, but I just did!!! So it’s 294...
I am considering renting to pet owners. Are pet fees collected monthly, if so, what percentage of the rent should I charge?
My first offer just got accepted! So scary and exciting. It’s an REO in Opa Locka Florida. I could use any and all advice. Especially all the mistakes to avoid and making sure I cover all my bases. I’m new with really...
As has been pointed out often on this forum - you must meet strict criteria to claim to be a real estate professional. Claiming that status when you do not meet the criteria can cost you a lot of money...M & M v. ...
Hello, my name is Jeff Moon. I'm new to the world of real estate investing and excited to learn more about it! I'm currently active duty Air Force, stationed at Holloman Air Force Base. My wife and I have been in Alam...