Jack Stallion
Cash flow or capital building?
Greetings everybody! This is my first post and am hoping for some advice. I am wanting to begin the process of building a rental portfolio and need to make a decision. Do I save, save, save to build enough capital...
Dekel Saati
Helping a seller with second loan mod?
Hello BP's! I have a question, is there a way to help someone whos already had a loan modification settled? Since the mortgage payments are about 15% interest rate, after health issues and death in the family, they go...
John Paul Whaley
Selling my car for the cash
Right now I drive a $30K car. I am thinking of trading it in for a $15K-20K car to put some cash in my pocket to start investing in real estate.
I am wondering what a lender would prefer to see on an application. So...
Julian Erickson
What if I cannot get a Home Equity Loan?
I just purchased a duplex via owner-occupied FHA loan. I want to buy another rental property in the future. I am looking at two options to do this: 1. Pay a minimal monthly amount on my current mortgage and save for t...
Jason Eyerly
Best Place To Save My Pennies...?
Hello BP, I have a question for everyone. One that may seem silly. Through my bank, I have keep the change on my business checking and personal checking debit cards. Currently, these pennies go to their respective sa...
Edy Lagares
Pay down bad debt or save for investing ?
If you had $5000 saved up would you:Pay down bad debt (such as credit card and student loans)?Or save it for investing?I’m curious to know what people would do in this situation that I’m in right now. Although I do wa...
Indya E. Allen
Starting out Real Estate at 19
Hello I am 19 years old and would like to invest in real estate. I am still gathering as much information as I can as far as financing, how to choose a home, how much I should save up, creative financing, location, et...
Evan Cook
Tear down and rebuild
Hey everybody, I'm curious to see what you all think of buying a completely run down property that will 100% need to be a tear down and build fresh? Best wishes,Evan
Eli Sunderland
What to do with Savings/Reserves
Hello everyone!I've got a fairly simple question for all of you. What do you all do with your savings or reserves? For example, if I buy a property and know that I need to keep $X in reserves for vacancy/CapEx/repai...
Jim Edward Walker
Quick Start Help Needed
I have a pretty high credit score but only $5,000 in savings. What is the best way for me to build income and get things started?