Stephen V.
Qualifying for a mortgage with large down-payment and low income.
Hi BP! I've been a long time lurker and have finally come out of my shell for some advice.I'm looking to buy my first primary residence for my fiancee and I to live in for the next 5-7 years (minimum). We're sort of i...
Raymond Wu
6-Unit Investing Scenario (numbers included)
Hello BP,I currently have about $20k in the bank and I was considering purchasing a 4 family unit using an FHA loan, but my realtor just showed me a commercial 6-unit building, with the seller willing to finance the r...
Joel Bowen
What order to start RE investing?
As a RE investor, should I have a business set up/lawyer/accountant before I even start looking at properties looking to get pre-approved for lending? Or do you guys all get pre-approved for lending first, find a hous...
Karah Collins
A potential first deal!
Hi all,
I’ve been listening to the podcast for about two weeks and I’m hooked! I think I may have found my first deal.
It’s a two story 4/2 home zoned as multifamily, but currently being rented by one family. It is...
Jesse Zhu
Advice on a condemned property in Cleveland OH
Purchased a package of 5 REO properties cheap in May 2015 from a company in Florida when they came to LA to promote their deals. The 5 properties are all over the country. This is one of them (10816 Grandview Ave, Cle...
Joseph Murders
Mortgage Loan Originator Recomendations
Hey guys,
I was wondering if anyone had any recommendations of RMLO's (registered mortgage loan originator) that work with investors to originate loans for subject-to wrap deals.
Thanks for the help in ...
Eric Moeller
Leasing homes to then sublet through Airbnb? Viable business?
Hey all!I wanted to get this conversation started to see if any investors out there are currently sandwich leasing properties for the main purpose of subletting through Airbnb. I came across a landlord who is looking ...
Eric MacDonald
Currently have $800k cash and looking to get into real estate Need advice.
Hello All!I would like to provide a brief overview of my current professional and financial status. At 36 years of age, I am serving as a Vice President at my existing firm. My financial liabilities are confined to th...
Joanna Lenn
Tax man says "Become an S Corp" - thoughts?
Hey there! I own a triplex and I also work a full time job as a W2 employee. Due to the new tax law, my tax man says I should become an S Corp asap. This is based on my typical deductions every year - regardless of m...
Jason Krawitz
How would this be taxed?
Hello BP folks. My wife and I bought our first home in 2005 for 131k. In 2014 we moved out of it and it’s been a rental since. If we sell it today for 275k, would we be hit for capital gains and income tax for the dif...