How do you truly use someone else's money and not your own in real estate investing? Very confused because everybody I have listened to has preached that you can do this, but then on Bigger Pockets everybody is saying...
Suppose I buy property with cash (to get a better deal, quick close etc). Can I refi with a mortgage and get the same rate down the road?Let me explain. Say price of home is 500K and investor mortgage rate is 4.5%. I ...
I'm getting close to maxing out the (11?) loans that I am allowed on my personal credit. I continue to find single family and TH deals that I want to hold long term. I have an option with a local bank but they want 25...
Current Situation
Own home for 5 years now in suburbs of IL. Owe $390k on mortgage. Can sell for $520k
Wife and I credit scores both in low 600’s due to cc consolidation a few years ago, still being resolved.
$50k ...
Hello my name is Andre Houston I am a real estate investor. I have 3 properties so far 2 rentals and 1 primary. I bought my first house 5 years ago for 200,000. I bought my second property 4 years ago. My primary was ...
Alright BP, here's my first success story! It's a 3 bed 2 bath, 1500 sq ft house in Petersburg, VA. When we bought it, it had structure issues, mold, no HVAC, leaky roof(cough, cough-- 4 layers of shingles), sto...
Set for Life by Scott Trench is our June title. What did you like? What needs more clarification? I'll even tag @Scott Trench in this post so he can answer your questions.
Hi,
I am eager to begin investing in multifamily real estate for the long-term cash-flow, but lack any significant capital to do so, especially in my area (Los Angeles).
I've been trying to think of creative ways to...
How much as a percentage of asset value do you subtract to come up with your true net worth assuming any real estate sold will be 1031 exchanged? I know this number will vary by state, property type, and for various o...
If I turn my home that I had financed through a VA Loan to into a rental property, will it allow me to become eligible to apply for a new VA Loan (or) Will I have to wait until the Property is paid off in full?