Mandy Adams
Should I buy a house to live in or continue to rent
Hi I’m wanting to get into real estate investing but before I invest I would like to see what makes more sense. I am currently living in a studio and paying rent. Should I buy a house first for me to live instead of ...
Chris S.
AppFolio Smart Maintenance
Hello!We are in the process of changing over to AppFolio and I noticed the Smart Maintenance option. We currently have a person who handles maintenance requests, but this seems like a pretty cool idea if it works well...
Aaron Smith
Help approaching owner to carry 2nd note
Hi gang, I've found a mobile home park right up my alley. However, the owner wants $350k. My MAX loan in order to put down 25% with a bank is $260k. That would take ALL of my down money with nothing left for reserves....
Lance Lewton
WHAT WOULD YOU DO???
WW-YOU-D?You’re 41Live in South HoustonMarried with 8 & 9 y/o boys. Work shift work at a chemical refinery making ~$120k/year. Started a side Business that will Allow you to quit refinery job after a year or two. ...
Account Closed
Subject To Strategy??
Good Morning Everyone,I am a newbie in the real estate world, first time posting in these forums, and I have a few quick questions.My wife and I own 1 rental property, and have lately been positioning ourselves to fli...
Alex U.
Umbrella Insurance vs Wyoming Holding company holding California LLC
For your buy and hold properties, to my knowledge there are 2 predominant strategies.1. Keep properties in your name or in a trust, get $1M worth of liability insurance for a few hundred dollars and rent out the units...
Bob Jones
A tax question about seller financing and private lending.
Hi,In the past, I've explored the possibility of selling homes with seller financing. To my great dismay, I discovered that if you do this too frequently, you'll be classified as a dealer. As such, you will have to pa...
Andrew Day
How to prepare for first rental property
Hi, my name is Andrew. I currently work as a banker. I am 30 and my wife and I just bought our first home as a primary residence mid-June. We plan on residing at this location for at least 10 years, but I have a lot o...
Alex Kenneth Swindell
Taking over a foreclosure mortgage?
Hello Everyone!
So, I found a property that is a pre-forclosure and is listed for $400,000. I'd like to understand how, if one were to try and assume the mortgage, how that works, and what the options are as far as ...
Julia Carminati
Newbie - weird situation, now sure where to start
Hi all, I've been lurking around BP for a few weeks now, and have been second guessing whether I should wait to begin my REI ventures. My husband and I are currently renting our home and looking to buy a primary resi...