Charlie Chavez
Buying cashflow property in Los Angeles?
Hello, I will be putting my property on the market soon and i was told to do a 1031 exchange to avoid taxes. The properties around my area near Los Angeles is at an all time high. My first thought was to cash out buy ...
Tracy Dauterman
Buying 1st Investment Property Loan Issue
Hi, My husband and I are days away from closing on our first investment property out of state. (We live in CA, property is in OH.) We are approved for a conventional 30-year loan with 20% down. Our offer of $80k was a...
Mark Pappas
LLC in a house hack
My business partner and I are trying to figure out the best way to structure our first deal. I am looking for a duplex that I can live in while renting the other half. If we were to buy under an LLC, is it legal for...
Carrie Hallensleben
Seller financing with a bank loan in place
I have found an investor who would like to sell a bundle of properties (3 SFH) in an area that I am very comfortable with. He has them priced below appraised value but the appraisal was done in 2009. He is willing to ...
Branden Wilkinson
Where to go next
As of today, I currently rent out a single family home and I am house hacking a duplex that I plan on renovating into a triplex (basement unit is not finished but it was meant to be a triplex). I used VA loans to acqu...
Carolyn McBride
5% Down Requirements for New Conventional Multifamily Investing Option
Hi BP,I've applied for the new 5% down multifamily primary residence loan option for a 3-unit property, but keep getting denied at the Automated Underwriting System (AUS) stage. I have good credit (690), 24 months of ...
Danny Day
Should I pull out or wait to sell? Rehab into rental
Here are the details of a deal I just completed. It was a rehab for fix & flip, but ended up not selling for the price I wanted.
Purchase price: $65,000
Repairs: $32,000 (out of pocket due to Fannie 120% clause)...
Lydia Bolling
Next steps after rehabbing: Pull the money out or payoff
I purchased a foreclosure with cash at a auction. I put in about 25k of my money, and I want to pay myself back. This is a single family dwelling. What would you advise as my options?
Khari Lewis
FHA loan as a investment
How do you turn a FHA loan into a rental property after a year? And can you repeat the process with future properties?
Joshua Swimm
El Paso, Texas, House Hack
Hello BP people! I am moving to El Paso in about 6 months and I am looking to house hack so I don't just burn money on rent. I am very unfimiliar with the area so information on the area would be greatly appreciated! ...