Lisa Yang
Rental Property Insurance ACV vs RC
Hi BP,I am purchasing my first rental home in Madison Heights, MI and was hoping to gain some knowledge on insurance policies.The purchase price of the house is 115K and I will owe 75% (86K) to the mortgage company. T...
Ricky Cassidy
Hard Money... What will my money costs be?
Using Hard Money... When can I refinance?For example:I buy a home for 100,000 cash using hard money. I do a light rehab using my own money. I find a tenant and have the home reappraised. How long can I expect to be pa...
Vince Russell
7.4% Closer to Becoming a Net Worth Millionaire with Rentals
I wanted to share a quick note on our first rental property. My wife and I have done several flips but this was the first deal we turned into a rental. We bought this property in May of 2018 for $45,000 and were all i...
Kirt Sangha
what do you think of this Duplex deal?
Hey Guys, I found a duplex for sale that I'm thinking of buying. It has structural damage, I'm waiting for the report from the agent. Asking Price:500K and trying to get it for $475K Annual Rent: $32,160, I don't have...
Brian Bundy
Capital gains on partial release
I'm new here. My wife and I own a home on 15 acres that we bought from family a little over a year ago. It's our primary residence. We have a mortgage, but significant equity. Our neighbor has approached us about ...
Andrew Bullock
First investment property and home
So I have many questions and I don't even know where to start but pretty much here is the deal there is a triplex in the area I'm looking at moving to and u need help to find out if my thoughts are even remotely close...
Maxwell Naruszewicz
I am here to learn and grow.
Hello everyone! My name is Maxwell and I am a young man from the beautiful (and expensive) pacific northwest of Washington. I have recently been reading and watching everything I can on real estate and I truly am infa...
Prashant Bagri
Options for getting LTV under 75% due to HELOC
Hi Folks - I am about the close my 2nd home in 10 days (The 2nd home will become my primary residence). I already have rental agreement in place to lease my existing home. Last night, the banker emailed me and said ...
Matt Mach
How to accumulate Buy and Hold properties
I keep reading posts that say "no money down" and "bought in cash", I guess I don't completely understand what those mean so hopefully this post will clarify that. I live north of the Boston area, real estate is expen...
Archie Seals
My First Property!
Hello BP nation! I've been working diligently all year to clean up bad credit and I've finally been approved for a loan. Not sure if I'm using the correct strategical term, but I planned to "house hack" a duplex for m...