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Do you pay off the mortgage at a higher rate? Do you put the money into savings for THAT property incase it needs work? Do you put it into its own savings account to use for future investments?
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Situation:
Brother owes $143,000 on mortgage
House Value(according to comps) $121,000
Offer Home to lender as a short sale for $100,000 (sister says lender may take/she is a realtor in Atlanta).
I would purchase.
An...
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So I've started my search for my first property and with the help of my family's realtor came across a duplex in an up and coming neighborhood (high rises are being built like crazy, it is within 5 minutes of Fort Lau...
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Dear BP members,My wife and I are getting serious about buying our first investment property(s) (one being a personal residence) here in the Atlanta/Decatur area. We are looking for either one distressed multifamily ...
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Hello. Im starting the real estate in two weeks. I will start in the Tampa Bay Area with around 700k to work with. I've been doing my research in real estate for the past year or so. I I me one of those guys that ...
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New Resources for Real Estate Investors.I am going to list resources for real estate investors.Get Organized And Setting Up Shop As a beginning investor, there are things you need to do to get yourself organized. Maki...
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We are new at this and struggling to find our first house to flip. Everything seems like there isnt enough returned based on the amount of work needed.
I think im in need of a good wholesaler or birddog to keep feed...
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How many doors does everyone get before hiring management?
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About two years ago, I sold a business that I created to a large corporation. With those funds - I purchased (in full with cash), numerous investment properties.I focus on nice-sized condos or townhouses in high deman...
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I currently hold two rental properties. One is in the final stages of being rehabbed and the other is done, waiting to be filled by a tenant.
I just applied for a refinance mortgage for the two properties and ...