Matt Haman
Does a HELOC count as available income
I have a HELOC on a rental property with $139k available. If I am applying for a mortgage for an investment property, does the bank see the HELOC as available income to back their loan or not as part of their underwri...
Dw Chalmers
Seller finance Deal
Investment Info:
Single-family residence note investment investment.
Purchase price: $9,000
Cash invested: $10,329
Here is a 4bd 2ba house we closed on. Utilizing all cash and will actually resell th...
Chris Christensen
Looking for my first deal
Good morning everyone, I am currently looking to put my first deal under contract in the Pacific NW (Portland Metro Area). So far, I have gotten a pre-approval for a $260,000 loan and started educating myself on many ...
Walker Seid
possible tenant what do you think
Got this email today. What do you guys think? We are getting ready to close on a short sale of our house. Four months ago we started renting a house for $1,100 from a private landlord that scammed us out of so much mo...
Bruce Foster
Structuring a owner finance deal
I need help figuring out how to structure a deal. So there is a lady who bought a house from an individual through owner financing the house cost $65,000 she put down 30000 as a down payment and terms of $650 a month ...
Christopher NA
Buying condo in Brickell
Hi all,
Thinking about buying my first home in the Brickell area.
The price of the condo I'm looking at (which is in same building where I currently rent) is around 720K. It's a 2 bedroom, 2 bathroom loft. Looking...
Michael Ratzken
Seller-carry Multifamily in Tempe
Investment Info:
Large multi-family (5+ units) private money loan investment.
Purchase price: $630,000
Cash invested: $240,000
This was my first multifamily fixer-upper, In the summer of 2019 and I h...
Andrés Uribe
To fire or not to fire contractor...
Hello BP Forums,If I may pick some of your wonderful brains from your experiences, here is my situation.I purchased my first two flips in September, demoing right down to the studs and changing the framing layout of e...
Jack B.
Would you rent to this person with a past bankruptcy?
They didn't mention it on the phone, only mentioned that they went down to "Zero" when the real estate bubble burst a few years ago.He gave me a detailed run down of his story (of course it's difficult to verify any o...
Brian Ellis
Seller financing vs. lease option - what’s the difference?
What would be the pros and cons of each option? I’ve run into a scenario where a seller wasn’t willing to seller finance, but came back asking if I would consider a lease option instead.
@Steve Vaughan would you be ...