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...
Erik Pilon
Why Rent before Refinancing?
Hello!I’ve been making some quick calculations, but was wondering why is BRRRR set-up so that renting is before refinancing?Example:- House = $100,000- Downpayment = $20,000- Loan #1 = $80,000- Rehab = $20,000- Rent =...
Abhishek Singhal
Tenant left after trashing property no forwarding address
My tenant left after completely trashing the property. The person did not leave a forwarding address (I have e-mail and/or phone number, social security etc. though). I was wondering what do I have to do to atleast pu...
Doug Haisten
Help on Equity Purchase
I am working with a SFR owner that has just received his NOD. He currently is about $8K in arrears. The property is 29 yo and in good shape. Zillow values this property at $300K. The only mortgage is in the amount of...
Connor Nevelle
Yellow Letter Criticism for New Investor
New (hopeful) investor looking to get into land buying. Sophomore in college, spent some of summer money to try to get started in this business. I am hoping to send my first yellow letter out within the next few days....
Kevin Brooks
New member in Orlando FL
Greetings,New to BP and RE investing. Interested in townhome and condo properties in my area. Also interested in effective leases and applicant screening.Kevin
Richard Arden
Can I Run Through my Start to Finish Wholesale Deal With Someone?
I am meeting with my first potential seller tomorrow for an exterior inspection and beginning of our negotiations. I know there are 1000 posts and articles about the process but I have some holes in my thoughts and wo...