Hi BP,I recently went under contract for a quad and secured a pretty fair deal from the retiring owner. Everything was going smoothly until the inspection revealed some potential structural issues. Upon further insp...
I would really like to get some opinions on a mulit-family house I’m asking my mother to quitclaim to me. She inherited this 3-unit home that a relative, deceased last year, had as an investment property. She (and I) ...
Hello everyone,Tyrone here, I’m a newbie here looking to starting out in REI for the long term. I currently live in Jacksonville, NC and I want to begin by investing in foreclosures (plus willing to do rehab) in order...
The following is a verification for the person borrowing Hard Money- must be investment property- right??? So here is an example of language:
12. This Loan is for Investment Property – The property is not owner occup...
Alright, so I'm currently actively looking for my first deal, a house hack, and I have a few properties I'm visiting this week. All of them are multi-families, either 3 or 4 units. As I hope to have one under contract...
Hello. So I live in Hawaii, but recently purchased a rental property in Indiana. I plan to transfer the property into my Indiana LLC. My question is, should I open my business bank account in Indiana, or can I registe...
We took the plunge and through a 203K loan was able to buy our very first property. When we first visited (July 2023) the duplex, the previous owner told us that the tenants (older couple with one of them being a reti...
Hello, everyone in BP. Im gathering some information to have a better understanding with a FHA Loan for my first house hacking multi family property, and how to convert into conventional loan or commercial loan . I ...
Hello,
our property managers advised us of a violation of a lease at our property that was signed in May 2013. The lease allowed 2 small dogs, however the inspector noticed 5 small dogs (chihuahuas) when he a...
Greetings!I am currently maxing out my Roth IRA, which is phenomenal and gives me a great sense of security, but now that I am very intrigued in the RE investing community should I cut back on doing $458 a month towar...