Cassie Chun
The "Buy and Bail" Rule
I just learned of this yesterday so here is a brief explanation for those who don't know what Buy and Bail is/was...
A buy and bail transaction is where a consumer decides to rent out
their primary residence to tak...
Mark Roberts
CT Homeowner Looking to Trade Up, House Hack, and Invest - Help!
Okay BP Community, this is my first post (call it my intro - Hi!) and I need your help to figure out a course of action. Here's what I've got:Currently, I own a 1962-built, 2 bed, 1 bath, 786 sq ft ranch with attached...
Francesco Epifania
Using heloc to by property
Hello I'm looking for a little feedback in this area. I am applying for a heloc and thinking to use it to put down 20% on a multi-family investment property and a down payment on a single family home. The idea is to u...
Kevin Kim
Loaning to cure a default. Need a 2nd set of eyes on this....
I'm going to loan a distressed homeowner 10k to cure his default. His current LTV is around 55% (1st and 2nd mtgs). I want to see if I'm on the right track....
1) I'm going to buy his home on a mirror wrap subject to ...
Loc R.
Need some creative advice on how to maximize current situation...
I'm in Los Angeles.
Purchased triplex (three 3/2 houses on a lot) for $650K a few years ago as an owner occupant. This was my first property. It appreciated enough that I took out a HELOC to eat up my student loans...
Mandy McAllister
Refi or new property?
Which would you choose to do with 40k?My husband's former residence is now a rental property for us. Property is worth 120k, we owe 133k. Market rent is about 1300 per month. Loan is a 20 year HARP at 5.25%. PIMI,...
Ryan Dossey
Will I qualify as a first time buyer?
I have never owner occupied. I have only rented. I am going to purchase a personal residence within the next several months. I do have 2 SFR on a single mortgage through a portfolio lender. Oddly enough he never even ...
Michael Voltner
Letter to Owner for Vacant Property
Does anyone know where I can find some sort of template letter to mail and leave at a vacant house that is not on the market? It has been boarded up for a few weeks and I tracked down the tax payers. I want to leave a...
Aaron Foster
My first adult flip - Its all numbers game
I've had a few people ask me about mortgage and financial perticulars; I am by no means an expert but this may help a few of you. i wish someone would have explained it to me starting off. I'm settling on a house t...
Thalia Aguirre
foreclosure
Hey BP,I'm new to the community. I'm interested in real estate investing, but there is so much to learn! I have a question, If my husband and I were interested in buying and apt complex (4 units) at an auction and the...