I'm interested in getting feedback on this scenario:Three people go in on a partnership on a rental property. Person A contributes $30K to downpaymentPerson B contributes $40K to downpaymentPerson C takes on a mortgag...
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Just a tip for you all starting out… Don't rent to strippers, hair stylists, bartenders etc… If they are in the cash business, they are uncollectable. You need to find someone with a good job that is not worth leavi...
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Do you all asset based lenders do this? So I was referred to an asset based lender. They talked great game and said that I was a great fit. They explain their Lending and refinance program and so I find a property tha...
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OH. Tenant didn't pay. After filing eviction (as LLC), they agreed to move out the day before hearing, signing agreement and turned over apt and keys. Lawyer dismissed the case the next morning at hearing, so not for...
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Hey guys! I was wondering the pros and cons of using a HELOC to buy rentals. Personal experiences and how the terms were with your bank for the HELOC. I feel like its a good strategy and I'll most likely use a HELOC o...
Would it be best for my first deal to be though a FHA Loan Or with a Conventional Bank Loan? I know with a FHA Loan I would have to live in the property for a certain amount of time, plus the Down payment is lower 3.5...
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Hey everyone!My wife and I want to get into a place that we can house hack a bit on the north side of Seattle. The challenge is that the market is hot, our income isn't huge, and duplexes are pricey.We have a few fri...
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How to go about Subject To? I have an opportunity on a property from a family member but I would like to go subject to route. How Can I explain this to the seller? Pros/cons... ANY info is welcome and much appreciated!
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Make Sure You Get This One Right
By Niels C. Jensen
There are those who sweat over every decision, worrying about how it will affect their lives and investments. Then there is the school of thought that we should f...
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So this may stir the pot, but i am seeing a ton of posts on BP about "creative financing". While yes there are creative ways to structure financing deals. When it comes to seller financing in many of the cases the bor...