Hey guys, I'm fairly new to this forum but have found numerous good examples of rental suggestions and such. But let me give you my background. I just turned 20 years old, don't have a large down payment (Can get mayb...
Going through the process of buying my first home. Plan to live there for 6 months or so, then move and rent the residence out. I am doing a Va loan through Navy Federal Credit Union. Let me start with this, I absolut...
Hello BP World,I went to Lancaster yesterday to look at some properties (single family and duplex). My overall outlook on the area was mixed. After researching the area, I've seen that the crime rate is very high comp...
Interest rates and high purchase prices are pushing a lot of people away from buying. Most are turning to renting, but is that the best move right now? Will House Hacking prove to be better than Renting over the span ...
Hello everyone. I thought I would post my year end numbers for one of my properties. I was negative for the year and wanted to see where I need to make changes. Be honest and hold no punches. I had a couple bad mo...
I applied for several loans (HELOC and Home Equity) for a deal I'm trying to do, got approved for both types, narrowed it down, decided to go with the HELOC (interest-only minimum payments for the first 10 years) for ...
I'll be as short and to the point as possible. I'm purchasing a property subject to the existing mortgage. To do so I'm using a business line of credit to pay for everything from start to finish. For sake of simplicit...
Hi BP!!!I've been on BP for a little over a month now, and in that time I've read countless forums, listened to a bunch of podcasts, and read a few of the recommended books. I feel like a have a decent grasp of RE, bu...
I contacted one of my mentors after not talking for almost year while I built up some capital. Which a year ago he told me I needed to save more before I jumped into real estate. When I talked to him today he advised ...
When you buy a single family or small multi, lenders require good credit, and enough income. On the other side for commercial loans they require experience, net worth and good credit. What exactly do they mean when th...