Jeff Blankenship
Should I sell for loss, or Refinance rental
I purchase a new property in 2007 for $186,000 to be used as a rental property from day 1. The property was initial rented for $1300. Hindsight is 20/20 and not good investment, but I'm trying to figure best way to...
Forrest Shealy
finding the owner of abandoned property
I have been driving for dollars and found some apparently abandoned properties. How do I find/contact the owner?
Alessandro Storniolo
Can anyone offer some in sight about owner financing?
Hello, I am new to real estate investing. I have a basic knowledge of flipping, wholesaling and renting. But i recently came across a different type of investing strategy called owner finance. From my understanding so...
Brian Legg
What would you do? HELOC Choices
Hi.I am looking for a what would you do in my situation? I am planning on getting my real estate journey started, but first I need some money! I have equity in my primary residents, so I plan to start with that.I owe ...
Pamela D Williams
Rental Property insurance...why so EXPENSIVE??
Hi everyone! I'm a new landlord (lady?)...just purchased a duplex and closing on a fourplex on Thursday. My question is, why is the insurance so darn expensive? My agent said they are required to insure properties at...
Aly W.
REO questions
I also have a few REO questions and can't find the answers through the Search function. Feel free to point me to the right thread.
A REO has been on the market here for a week at $165K. The kitchen has been gutted, a...
David Mirza
how do banks calculate income for an existing rental
I understand that for a Fannie Mae conventional loan, if you don't have tax returns for a rental, most lenders will count 75% of your rent as income and the full PITI as your debt. The part where I'm not clear on is ...
Vanessa Pruett-Urie
Need "outside of the box" financing advice
I'm going to try to be as brief as possible while explaining everything. My husband and I own our home in Baltimore County, MD it is a large rancher on over 3.5 acres. We have about $180k in equity but have a great ...
Chris Stedman
Buy and Hold cash: How Far can you Leverage the Property?
Hello All,Chris from Arizona here. I just joined BP recently and introduced myself just a few days ago. Was looking to flip my first property with cash, but now I'm curious about the option of buying a distressed prop...
Joseph Sapyta
What’s a good amount to have saved up for first rental property?
I’m trying to lay out my plan for my first property. Trying to find a duplex for around 150k more or less. For example if I do a fha loan and my down payment is around 5k, how much extra should I have saved for this ?...