Steve Kirsch
options of a reverse mortgage
Hello BP Peers,I have a relative who is looking to move and retire to another state from where she resides. She has a condo now with a remaining mortgage of about $100K. The condo's un-appraised value is approx $250K....
Jon Dugal
Beginner Rental Arbitrage
First time post! I've been listening to bigger pockets since January of this year and after exploring all the different avenues to get started I have decided to test the waters with rental arbitrage. My reasoning is b...
Kevin McLaughlin
New to BP
Hi All - I joined BP with the goal of learning and getting started in real estate. At 53, my goal is to get enough doors to give me the opportunity to "retire" at 60. That involves a lot of work to pay down the existi...
Josh Clinard
BRRRR has central heat but no A/C. Should I install?
I am in the rehab process with my first investment property. The house is older (1917) but has what looks to be a fairly new central heating unit with full ducting. Since this is my first property and I am chosing the...
Elliot Tan
How to combine a wrap around mortgage and lease-option
I have an interesting scenario for you creative finance experts:I've found a seller who is in pre-forclosure and owes $69,000 on his mortgage. He's asking for $95,000 so he can walk away from his debt and pocket $26,...
Cody Gulseth
House Hacking Near Fort Riley, KS
Hello,
I am new to real estate investing and was wondering if anyone has had any success house hacking around Fort Riley, KS. It does not look like there are many duplexes, triplexes, or quadplexes in the area. I was...
Justin Brooks
Senior Housing Development
Investment Info:
Other commercial investment investment.
Purchase price: $360,000
Cash invested: $690,000
Residential Assisted Living senior care homes are earning smart investors safe, secure, and r...
Jacob Dimick
Underwriter denied loan 1 week before closing
So I was a week out before closing on 2 unit in South Portland and the underwriter denied my loan. First of all I feel like the bank I used should have never had me pay for an appraisal if the suspected my loan wit...
Roland Brown
Adding a bedroom and bath to a rehab
When looking for deals I am seeing a lot of homes that are quite small on large lots. These homes are 2 bed/1 bath and 3 bed/ 1 bath, built in the late 50s and 60s.
As a general rule is it a good idea/ bad idea to bu...
Jason Porto
Investing in Richmond
Hello all! I recently moved from Oakland to Richmond, but don't see a dedicated forum for my new hometown. Is anybody in this group investing in Richmond? If so, let's connect and chat about it. I currently am house h...