Justin Tinsey
Foreign investor SFH/MFH in Michigan
A non-US citizen friend is interested to partner with me to purchase a rental property in the Detroit metropolitan area. Ideally not a cash deal. Timeline by March or April 2021.
Henri Meli
Transfer real estate asset from LLC to self directed IRA LLC?
A few months ago, I purchased a real estate asset under an LLC. I put down 25% or a total of $100k.Recently, I learned about self directed IRAs and thought it could be quite useful to me. I do have a 401k with my cu...
Craig C.
A good market?
Hello BP!
I've got another question, which summed up is: How do you decipher if there is a good market in an area?
My hometown is kind of a ghost-town that has taxed itself to death, so I've been lookin...
Brayden Currey
Finance for non-citizens?
Hi all, I’m looking to move over to the US and was wondering if anyone is able to offer advice about borrowing money on a visa. My current understanding: We (non-citizens) can get a regular mortgage through a bank onl...
Mike Komenda
Advice sought on Cash-out refi
Hey all, I just started on the BP forums here and have already learned a wealth of info but as always, every situation is unique, therefore i'm reaching out for advice.
My situation is as follows:
1.Mortgaging my pri...
Kevin Smith
Lease option asking price.
Hello guys, I just talked to a seller who is interested in doing a lease option on a duplex he owns, however he does'nt want to sell for what the property is worth which is about 120k . He said he would do it for arou...
Sandra Reid
First time investor analyzing triplex needs deal analysis help!
We have an off-market deal for a triplex, specifics are below. It looks like the initial returns are below what we would target, but there might be potential with some improvements to the property.
Asking: $220K
Dow...
Bob Jones
A question about referral fees.
I've heard that its a good idea to offer $100 referral fees for leads. But, there's something I'm not sure I understand. If I'm given a bad lead, should I still pay the referral fee? I'm worried about the possibility ...
Andrew T Bolton
Where to get financing
I am new to BP and fairly new to real estate. I would like advice on where and how to get financing for multi family homes in the Gadsden and Anniston, AL areas. Is it better to go the traditional route or look for in...
Alan S.
Newbie-Rockland County, NY
Hey guys,So here is my story. I've been listening to the podcasts, audiobooks, etc. and want to get started ASAP. My wife and I both work full time jobs and earn roughly $400K gross annually and both have excellent ...