Lets just say that I have a friend who has a very stable job, makes a good salary, has been at the same company for many years, has great credit and is extremely stabile. All this to say that they are a lender's drea...
My mortgage broker has told me that I won’t qualify for any more mortgages because my debt servicing costs have exceeded 40% of my income. In reality my rental income covers almost all my costs, but the banks only cou...
Hi,
I have a question: looking to 1031 out of 3 properties as a portfolio sale. New property will be equal or greater in price as per the rule. When I buy the new property I will now have 50% equity in the property....
Hello, I am seeking advice and guidance on what criteria to use when refinancing an existing rental buy-and hold. I am seeking to graduate from the beginner level and start to pull money out of our current 6 property ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $100,000
Cash invested: $20,000
Bought as a package deal with another duplex on the near north side of Evans...
Hi everyone,
Myself and my business partner are real estate investors in Ontario, Canada. Our investment portfolio has done well here in Canada, but we would like to expand. We are currently in the process of researc...
Hey everyone I recently found an off market As-is deal, the seller is super motivated to sell. The purchase price is $100,000, it needs about $25,000 in rehab cost. ARV is $180,000-$200,000. The quick cash would be ni...
Currently just left my job in Michigan to move back to Ohio and now getting a loan is going to be a little harder then I thought. Any suggestions i should do for getting my next rental without getting loan ?
So a bit about me …. I’m a newbie and financially in a situation where I really need to make this REI work. Since I don’t have any experience (besides reading these BP forums), I want to minimize my risks.I want to s...
Hello - I am looking for help with the current structure of a rental business I started a few months back. I created an LLC partnership with a few friends. Each of us owns an equal percentage. We then went out and bou...