James Trautz
Benefits to Having a License
Whether or not Investors should have a RE License seems to be a question getting a lot of attention these days. As both a Real Estate Agent and an Investor, let me answer by simply saying “YES.” Here’s why:As we all k...
Jake Springs
How much time should I wait between family loan and applying?
We have $70,000 of credit card debt that gives us a very bad debt:income ratio. My parents are willing to lend us most of the money to pay that credit card debt off so that we can get a good cashout refi. But I know t...
Jay D.
Motivated landlord - need help with creative financing
My landlord owes $350,000 on a 2 bedroom townhome in the Bay Area (estimated value $830,000).
Based on my current downpayment, and ideal monthly payment, my lender has pre-approved me for $700,000 at this time. Landl...
Chris Pasternak
Requesting opinions on ways to purchase 2nd property
Hello BPers - new buy and hold investor here. I like unconventional ways of purchasing because they seem to offer the best deals, after you find your distressed situation.
Scenario:
Eyes set on a fully...
Joaquin K.
Seller Financing Multi-Family - Owner User & Cap Gains Concerns
I don't need advice on general numbers - I need input on structuring seller financed / creative financed deals. Below is a scenario. Please provide input and help me figure out how to structure a deal.My Current Sit...
Angelo Darin
Starting Out and would love suggestions
Hello, I am currently in Grand Rapids, MI and plan on investing anywhere in Michigan. Currently I have a primary residence home that is valued at 350k . I currently owe 230k on the property so I have a ton of equity. ...
Triston Murray
First "Investment" 95% Done!
Hey BPers. Triston Murray from Chicago! I wanted to share a little bit from a recent deal that just got appraised. I consider this my first pure investment, since the Chicago 2 flat I already own and rent is also my p...
Megan Lawson
How to structure an equity position?
Hi folks! Looking for some advice. I am purchasing a property and only have half the money required for the downpayment. My parents are going to contribute the other half. My husband and I qualify for the loan ourselv...
Cory LaChance
REO question
I found an REO that fits my budget and I am wanting it to be my first home. The property is owned by my local credit union with whom I have all of my accounts with, my truck note, checking and savings account as well ...
Michael LeClerc
Investment Diverification Austin
Greetings,
Here is a thought that I'd like to throw out there. Its about diversification and cash flow.
When one buys a sf rental for lets say $200,000, and it rents for say $1500/month. After taxes, maintenance and p...