Barbara G.
BRRR Have WE GONE TOO FAST? A Financial Diary
We started last year and bought our first 2 side by side Duplexes. We did not have enough money at that time to renovate them but they were occupied and they cash flowed about $20,000 a year. We bought the 2 of The...
Verna Medlin
Seller Financing gone wrong? Any attorneys here?
This is going to sound like a bad soap opera, but here goes...
What happens if you have a property sold on seller financing and the buyer uses it as a rental. BUT... the buyer turns out to be a slumlord who is allowi...
Edward Powers
Info On Wholesaling Properties
I am 21 year old college drop out from Baton Rouge, LA and I've been researching the methods of profiting from real estate, specifically wholesaling. Can someone explain to me the detailed steps of completing the proc...
Jake S.
Contractor quotes when offering on a home
When Im finding properties that I like, that need a bit of work, I know i should send a contractor in to give a rough estimate prior to me making an offer on the home. Question is, should i send a few contractors thro...
Julie Marquez
I want to be a Professional Property Manager
I manage small multifamily and single family properties for my dad and uncle. I grew up in this business as my dad has been a hands on landlord/property manager my entire 35 year life. I'm getting more and more respon...
Account Closed
Converting Primary Residence into Rental
Hello,
My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled v...
Arica Gonzales
How Big is Too Big for my First Deal?
My husband and I have been sitting on too much cash. Between a few bonuses at work and then I received a severance package after which I quickly found another, higher paying job - we have close to $300k cash and appro...
David Shue
FHA LOAN
With FHA loan, the borrower has to live at primary residence for 2 years before he or she can sell the property. Is this correct? Any advises would be greatly appreciated.David
Sam Bauman
Multi-family with my brother?
Hi everyone! Big fan of BP but new to the forums. I am just starting in my career and in my fascination with househacking.I have a question regarding buying a duplex: Given my circumstances -- should I go in on a deal...
Carmelo Lopez
When's this bubble going to pop?
Fannie Mae is increasing the DTI to 50% starting July 29th. America's largest mortgage lender is making it easier to buy their first home.
In the last housing bubble, just about anyone with a pulse was approved for ...