Andrew T.
Advice: hold or sell?
Beginner seeking wisdom from seasoned investors/professionals :)Context: I currently own a condo (A) in Toronto valued at 470k, owing 170k. Currently rented, net + 445/month. The market is on fire which, admittedly, h...
Rodney Ford
Banks Asking For Down Payment
Has anyone had to give a down payment when submitting your offer on a REO? an agent told me banks are requesting down payments.
Thanks,
David Fischer
Buying in a rougher neighborhood
Hey y’all,I’m looking at purchasing a 6 unit apartment complex in a rough side of town. This side of town is known for higher crime rates and is just plain rough. I don’t live in the area so I had a family member driv...
Joe Cantanzriti
Moving to Chicago, keep my Youngstown Rentals?
So I'm about to make the move from my home town of Youngstown where I've lived and worked all my life up until now and started my rental portfolio 2 years ago which is now at 7 units. My fiance got an opportunity of h...
Michael Scott
Hello from a newbie
Hello BP community,
I had several recommendations from people on reddit/insta and got to reading "Rich Dad Poor Dad". This book was a light bulb moment for me, and I realized i am a fool for letting my money sit in t...
Ory Kelley
FHA Financing/House Hacking
Hey guys,I'm a novice investor in cincinnati and just purchased my first duplex. I bought it under a FHA style mortgage. I would rather just rent both sides and not move in as to improve my cash flow. Also my lende...
Juan Monge
Buying vacant land with Self Directed IRA
Hi BP community,
I am hoping to get some insight and past experiences from other investors who have used their SDIRAs to purchase raw land in developing areas. My thought is to purchase small residential lots cash in ...
Alex Alaniz
Selling property contingent on Appraisal
Just listed my house and listed it for $140,000. Going into it i was worried it may not appraise for that so I listed it a little high. I have an offer on the table for 145,000 contingent on the appraisal. How can ...
Klyde Waggsdale
I have a down payment for a investment property what now???
I have a friend that is willing to lend me money for a down payment for my first investment property. My strategy is to buy a house through a short sale, rent it out for two years, then sell the house. I have no ide...
Rob C.
Entity structure on out-of-state rentals and no CA franchise tax?
This topic is just in regard to California residents with properties *outside* of California. Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-sta...