Mike Dodd
‘Cash Out Refinance’ or HELOC?
I’m wanting to buy my first rental property this year. I’m about a month out from finishing renovations on my personal residence. My plan was to in a way to do a BRRRR except that I would continue to live in the prop...
Andrew B.
Need Advice on Offer - Pre-Foreclosure with Foundation Issues
Hello BP Brain-trust,I am looking for advice on a potential offer on a pre-foreclosure property. The property is listed and they need closing in about 12 days. Initially my wife and I were thinking of a live-in flip a...
Ben P.
Underwater Condo —Short Sale or Keep Renting
I have a condo purchased in 2006 as principal residence and began renting it out in 2009 (underwater and could't sell). I have an interest-only loan and the 10 year interest-only period just ended, so my payment has i...
Susan Tan
Split Half the Downpayment w/ a Business Partner?
I have a creative financing idea that I want to run by you all. What is your feedback on the legal & tax ramifications?I'm planning to buy a rent-ready vacant fourplex in Cincinnati, OH. I don't have enough cash f...
Amanda Dobbs
Chester County Sheriff Sale
Hi,I am interested in purchasing a property from the Chester County Sale. I'm running into a jam when searching for liens and if any property tax is owed. Can this be done online or do I have to call each department? ...
Gail W.
The "Non Loan" Equity Loan... HUH??
We own a home that we are now accidental landlords on and we like it! So we got to thinking, HOW can we use the house to make more money? We refi'd and pulled out cash to fix it up, gaining higher rent. Even after pul...
Kevin Hunter
Pay down traditional mortgage or HELOC
I am focusing on two of my properties in this question. In property #1, the house is worth 180K, I owe 125K. I have a 15 year fixed rate of 3.625%. In property #2, the house is worth 375K. I have two loans on it, ...
Tyler Proffet
Accept house as option money / down payment?
Hey everyone,We've created an interesting deal and I was wondering if anyone else has executed anything like it...We recently bought and rehabbed a house (we'll call it "Walnut") for about $70k. A young couple found u...
Andrew Kretz
Recommendations on refinancing a VA home loan
Hello, I am looking for recommendations on refinancing a VA home loan.
In 2010, using a VA home loan, I purchased a single-family home in Elizabethtown, Kentucky for $168,450 and currently owe $144,256. The loan is a...
Cameron Kirby
Buying a house for Mother In Law
Need some advice. So currently my in-laws are getting ready to sell their house and go their separate ways, while staying legally married. He will most likely need to file bankruptcy here in the near future (credit ca...