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Various posts have touched on this already. Feel free to refer me to them. But I have what I feel are two simple goals.- Liability protection (I.e LLC)- Lowest possible interest rate (i.e. primary residence 30yr mortg...
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Investment Info:
Single-family residence buy & hold investment in Bakersfield.
Purchase price: $253,000
Cash invested: $50,000
A single family home I bought to live in when was single and rented ...
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Hi BP,I’m looking to acquire a non conforming duplex in Spokane Washington. The property is zoned as allowing for 2 units however it’s recorded as a SFH with the county. If I do not convert this to a legal duplex am I...
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So I have a Solo 401K plan where I am the trustee, since the IRS allows loans on the Solo 401K to the participant. I have some questions on the IRS rules for loans from a Solo 401K? Is there a maximum term length? (i....
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Hello BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
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Here are my questions....
How many of you have used a lease option as a successful srategy? My husband and I are currently taking a class on lease options and it "sounds" too good to be true. I'd like to hear from ...
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100% Flash Funding. What other fees am I looking at when using Flash Funding to acquire an REO in Massachusetts?
I am operating on a shoestring budget and really must know exactly all the fees that I will have to ass...
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First time buying, is an FHA 203k loan a good idea (house needs a little work) or should I stick to the conventional FHA loan?
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Hi BP,
I'm an investor from Chicago looking to potentially purchase my first property using an FHA loan. If I went this route I would rent out all of the units from day one (i understand that this is only permitted a...
First time investing in property and have a few questions - Buying townhouse in North Carolina with intention to rent out. My bank does not give mortgage loans through LLC, so rather than getting another bank to do co...