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Hi. I currently am renting my house in Illinois and moved out to Arizona. I still owe 145K on the mortgage with 15 years to go on a 20 year loan. It currently appraises at 260-270K, I am renting the property for $1500...
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I'm trying to buy a bank owned property that is probably 50% finished and needs a lot of work done. Any creative ideas on how to finance this? I was thinking about how I could get the bank to agree on a purchase pri...
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I am looking at a few Apartment Complexes in Des Moines, IA. I have heard from a couple of Real Estate Agents of some Owner Financing complexes, this would be my first acquisition, how would you go about working o...
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Hey guys! I'm a little confused as to how a rental property acquired by the BRRRR method ends up cashflowing after all expenses are taken out. Of course this depends on the numbers so let me give you a common example ...
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Hello fellow investors,
I find myself in a complex situation and would greatly appreciate your expert advice and insights on how to proceed. Here's the issue:
I recently hired a licensed contractor to work on a proj...
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My parents are getting ready to sell their house in Pittsburgh, PA. I suggested they look into the potential of using the property as a short term rental. I know there are a number of AirBnB's in the area but I'm no...
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Do you prefer to buy fix'n flips with cash or hard money? Why?
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Hi all,I have a rental that needs new skin, cedar is beat up and code enforcer is on me. I called a big name contracting company to get a quote for Hardie Planking. The quote was about 40% more than vinyl (partly du...
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Happy New Year! Thanks to the BP community and wonderful books / podcasts, we were highly motivated to grow our nascent REI business in 2018 and went from three units to ten units over the last 12 months. They are c...
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Hello guys, I would love to have some advice from this great community. Here is the dilemma. My wife and I think we found a good property for our rental property journey. This will be our very first rental property. W...