Jeff McNamee
Tax Implications for Rental Property With First Time Homebuyer Loan
Hi all- I have a condo I rent out that I originally obtained through a first time home buyer loan. Well my lender sent me a letter because they noticed this isn't my primary residence anymore and the loan states that ...
Lashinda Winters
First Deal Need Help
Hello All,
I have had my first wholesale deal under contract for a couple of weeks. I know my mistake was not getting it under contract lower but with the pay off amount for the homeowner and the lack of repairs neede...
Ethan S.
How do I help a friend that is struggling with his life?
I have a child hood buddy who is struggling with his life. He is 24 living with parents and is working as a pizza delivery job. He got his masters in Psychology 5 months ago but is having issues finding a job. His par...
Toby Shacalo
Agents not calling back
Hi, i am new ro real estate and I decided to start looking into investing out of state. I have been searching online for and inquired on 15 different properties. Out of the 15 realtors I called, only 2 called me back,...
Tyler Haskell
BRRRR strategy: A Love Hate Relationship
Does anyone else see the same major flaw of the mystical BRRR strategy?
At the end of the day, arguably the most important element or phase of the BRRR process is the refinance to get your exit money. And the appraisa...
Dominick Galinis
I’m missing something, right?
Hey BP fam,So, I’m in the home stretch to having the savings I want to get my first property. I’m going to be using a FHA loan for either a triplex or 4 plex. I use Credit Karma to look at my credit score and they off...
James Dale
So many options, which is the right one?
I'm ready to take the leap in real estate (I think). I've been approved for 100k through a HELOC. I know I want to start purchasing long term rentals but I can't decide if I want to BRRRR a small single family home or...
Sebby Vasalo
Auction.com and title!! please advise
Hello,I won two properties on auction.comBoth have judgements on them as per the preliminary title report and doing my due diligence I found at clerks office.Property 1) 8k lien from credit cardProperty 2) 2k and anot...
Darwin Crawford
So you Wanna be a Landlord?
Hi there BP!the following is something I feel needs to be written to kind of get a lot of things on the table. First off, a couple of disclosures: 1) I am NOT a millionaire in real estate. I'm just a hard-working d...
Eileen L.
Rental property Turnover/Repairs
Hello, just trying to get advice on how to go about this turnover.
I purchased an out-of-state property last Aug, and tenant just moved out this May. I have not been to the property yet, but have been told by the PM ...