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Hello BP!I am considering refinancing my SFH that I have been renting for the last 3 years. Below I have listed the current numbers and the refi numbers based on a concervative value of 105k. My problem is that I a...
In 2007 I bought a condo for $190k. In 2013 I moved and converted it to a rental as I was too far underwater to sell. The market value at that time was 70k (basis for depreciation). I've taken about $8,000 in depre...
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July 13' my parents gave me a loan for my primary house because I am self employed and had a hard time getting a loan. I should be able to get a loan after tax season and buy the property. Since they are helping me ou...
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Hi BP Florida Forum,I have a strange situation and I wanted to know what your thoughts were on it.I've signed up with an agent (let's call him Agent A) to look for an investment property in Jacksonville. After a few w...
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Hello All, Not sure if this idea has been broached in this particular way, but I know the idea is not new. Has anyone ever sold a flip using owner financing, taken a large down payment (25-30%), financed the balance a...
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So a colleague is absolutely killing it in RE investing. 4/5 years ago he bought a condo cash 200k, used a heloc on it to flip 1 property that year. Year 2 he flipped 3ish properties, year 3 he got an investor who gav...
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For those with really nice homes in highly desirable locations, have you considered selling your home as a co-ownership via Pacaso?
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Hello BP family and Merry Christmas,I have a SFH LTR in Deland Fl recently vacated at end of the lease. Owned for 30 years free and clear with approx $600+/mo cash flow. We live in WNC now and trying to decide what wo...
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first deal was amazing. I got the lead off of a bandit sign. Seller called desperate to sell, i locked it up in contract the same day, found a buyer the next day we went to closing!!! That sums up the story its very m...
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Hi All -- I lived in my single family home (which I have an FHA loan) for two years before I started renting it out to tenants. I've now owned the home for three years, and have had almost a year of rental income. I l...