Nick E.
Closing early January 2016. Tax consequences
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Loc R.
What was your most creative deal?
I'm sure some of the BP veterans here have some great stories to share.
I'll share some creative paper deals in a bit.
William Jett Turnipseed
Hello, Just starting out.
Hello,
I am just starting out. Working on my first rental property. Have to make some repairs. I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some...
Darren Hicks
Seller Financing Ideas?
Hello all,I’m selling my home for $370,000. The appraisal came in at $350,000. The buyer is using a VA loan with no money down. They only plan on living in the home for their tour (3 years) and then selling it. They r...
Matt Cecil
Right path - sell, refinance or rent
Hi All,I'm new to BP and REI so here's a little bit about myself. I started out a year ago on the BP forums, podcasts and reading books. I fell in love with the idea of REI so here I am. My wife and I bought our first...
Sam Ferguson
Young and ready to start
Hey BP,I am currently 21 and in college, but I love real estate investing and everything a long with it. I have been involved in many deals because I work for a developer. I just recently got my first deal and put in ...
Joshua Durrin
Why sell a note for less than face value?
Just curious, it’s never made sense to me why someone who originated a loan for $100k for instance would sell it at a discount. If I spend $100k, then collect 12 payments (seasoning) and then sell it for $90k or so (s...
Jabari Brooks
It's been one heck of a ride thus far!
It has been a while since I've posted. Here is what has been going on behind the scenes. Started a refi on my personal residence with a cash out option back in April. This was going to do 2 things for me; 1st get m...
Elizabeth Nenque
advice needed: sellers who want to stay past closing
My husband and I have been house hunting and are about to submit an offer on a house in Bothell.The sellers would like to stay past closing and rent until they find a house. Our agent says this is common. BUT we recei...
Daniel Kries
VA assumable mortgage
For some background info I just closed on my first home using a VA loan . I’m currently house hacking and mortgage is covered and then some . I have a coworker who is eager to sell her townhome and she is willing to h...