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I own a condo in Manhattan with a value of 600,000 I owe240,000 in mortgages and am over 62, I've been readingabout Reverse mortgages and am overwhelmed, theysay that you can build a line of credit? and can sellthe pr...
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Hello Everyone - Newbie/Future Real Estate Guru Here!From doing some research and listening to numerous podcasts, I have found that a 203K loan sounds like an awesome way to get into the real estate game. My fiance an...
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I've been practicing calculations on properties on the Marketplace here on BP, and it seems like a ton of them are cash flowing very well. Why aren't people buying these properties? Am I missing a certain aspect looki...
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First of all, I am in Washington State. Is there a state specific OFFER that is required or will a general "Letter of Intent" be sufficient prior to drafting the "Purchase Agreement"? I understand that the sale cont...
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I am looking at purchasing my first rental property. It has 4 separate units on it and currently is producing $2500 a month. It is in a College town that is growing at a steady rate. We have negotiated the price at $2...
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Has anyone taken out their 401k to put into rental property to decrease principal and interest? Thinking about doing this.
First time poster here. I was directed to this community because of a discussion I was having with a customer at work. I will be as detailed as possible.My wife and I will be looking for a new home in the next 1-2 ye...
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I have a refinance question, My first rental that I bought is a 3/2 that I currently owe just under $30,000 on. I have owned it 5 years, and rent is $900/month. I am in the same boat as most people as the down payment...
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How does hard money work ? Or would a bridge loan work better ? Or are they both the same thing - please help a new guy out
Thanks
Matt
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My husband and I are starting to venture further into the real estate investing. We followed Dave Ramsey to get out of debt, and quickly realized we need more risk and adventure to obtain greater amounts of success. W...