Account Closed
are no doc loans making a come back?
I'm self employed and have a 760 credit score. Due to write offs and deprecation my tax return is not that impressive. I flipped some really good SF contracts that would of been good keepers if I knew of a loan produ...
Mike Moles
Bridgeport, CT
Hi all, just starting out and still learning. I'm in Bethel, CT and my first thought was to invest in my immediate area. I've analyzed some potential investments and without verifying all of the assumptions there se...
Andre M.
Portland (Oregon) ADU taxes
I am considering buying a property for my primary residence and then building an ADU. However I read this recently http://www.pamplinmedia.com/pt/9-news/277861-15334...Does anyone have any experiences with taxes going...
Joey English
A subject-to deal is better than a short sale
Ashley and I recently came across a listing with “possible short sale” in the title. If you don’t know, a short sale occurs when a bank agrees to accept less than what the borrower owes on their mortgage when the prop...
Tim G.
Sell or rent property?
Hello BP! I have owned my SFH for about 3 years now and want to actually start my real estate investing career by purchasing a MFH and "house hacking" it to break even or turn a profit. This seems to be the most l...
Kate Andreeva
Converting primary residence to rental property
I am new to RE investing but would really like to start building wealth through RE. We own a townhouse and would like to buy a single family house in the next couple of years while keeping our townhouse and renting it...
Christine Graviet
Investing in property with your kids
I need advice, suggestions, anything. About 3 months ago, we decided to invest in a house (with rental accessory apartment) in an area where 3 of our kids go to college. Our oldest and her husband were wanting to in...
Nicole Heasley Beitenman
Will the bank go for this arrangement?
I'm trying to get a 6-unit apartment complex. I can't technically afford the down payment. I'd like to get the sellers to finance the down payment. I have some money sitting in my account that I received from a HELOC ...
Frank Oudheusden
Student Loan Risk Vs. Real Estate Investing
All,
I have created a pretty solid REI business plan and have taken down my first deal. A SFH for 50k rented at $1300/mo in Rochester, NY. 15.1% Cap Rate, 23.6% CoC Return. A great deal by most standards. Now I'm ...
Chris LoSapio
First Deal - Need Feedback
Here is the deal:
2 unit rental property
Purchase price $255,000
Unit 1 rent: $1,400
Unit 2 rent: $1,100
Garage rent: $100
Property is over assessed for taxes $11,700 in annual taxes assessed at $406k (this will be ...