Hi, I'm working on making an offer on a quadriplex that needs work. My plan is to do the work, rent it, and refinance it. The seller is prpared to offer 20% vendor take back. I have a few questions:- If I'm dealing wi...

I am wondering if anyone knows some specific lenders that will write a mortgage for low loan amounts on investment properties in Michigan? Specifically, if I buy a house in Southfield, Berkley, or Ferndale using the ...

Hello, I just picked up a rental income property about 2 months ago. Now I'm looking for another. I heard about cash out refinancing the other day and I want to see if its worth it to think about on my current rental....

Hello.  Can anyone explain how an assumable loan works?  I want to help out my parents with their mortgage payments.  Can I make a mortgage payment to the lender on their behalf without any consequences to me or them?...

FIND THE PROPERTY 
Section 1: Identifying Potential Flip Properties
One of the key challenges of flipping property is finding a property that has the potential to generate a profit. To identify potential flip proper...

Hi, I just purchased a property for $60,000 at the online court steps auction in Miami, FL. It was an HOA foreclosure for $13,000 past dues. The property is worth about $90,000. As always, I have done my homework, pai...

Hey BP Members!I own one Condo here in San Diego, CA and looking to add more income generating assets. There is one thing that I have not gone thru and therefore don't understand how people are accomplishing "it".How ...

I purchased a rental investment property with two friends (partners) prior to the market crashing. Down the road, one of the partners separated from his wife and asks to move into the investment property (bad move); s...

Hello all, I was playing with notion of paying off one of my investment properties. Interested in hearing everyone's opinion on the pros and cons.

Property price $11,000,000, assumable loan (fannie Mae at 3.5%) $8,000,000. Cap rate 9.2%, Occupancy rate 68%. NOI $1,200,000, Location A+. 
 Now let say I can negotiate half of the 3M and seller finance the rest at ...