Hi Folks,I'm looking into to getting a HELOC or cash-out refi to enable my next purchase. Looking for tips on options, things to look for, potential problems, how to prepare for appraisal to get best valuation... I've...
Hello, I have a decent amount of money in my 401k from my last company, one that I departed about a year ago; around 200K. I am interested in moving it to a self directed IRA to invest in real estate. I have seen c...
My first project in this new game and it turned out to be very successful:)
Property :
SFH : 3 beds 2 baths, 1385 sf built in 1969. Cash offer.
purchase price : $145,000
rehab cost : $4...
Hello all, I'm in the Jacksonville, Florida area and looking for local banks that provide loans for buy & hold investment properties. Who can recommend banks/credit unions they have had positive experiences with?T...
hi - i purchased an investment prop with cash - can anyone advise what forms i need to produce for tax returns? i paid off a credit union loan in the name of the seller, i also did a major refurb on the property, woul...
Hello all, I have been lurking around here for several months and have made a post or two, but figured it was time to introduce myself. I have been learning a lot from the forum, blog, and the amazing new podcast.
I ...
In my research I've come across several different formulas people use to determine if a flip is worth the risk. The 70% rule [i]seems to be the most used and discussed (?).
While at a workshop recently I met someone ...
Hello,
I am a new investor and I am ready to sell my first flip which turned out to be a home run (thanks to my mentor -- and informational sites like this one)! :D
I plan to use all the proceeds from the sale ...
I was talking to a local investor recently and he mentioned that he gives $50 once in a while to his tenants that pay on time. He was clear that this was random and that tenants don't have to "buy a ticket" to enter t...
Hi bp experts,My friend recently purchased a two family house in the union city, nj. When he applied for permit to separate electric panel, the city said it is a single family and gave him violation for the non-confor...