Craig Bellot
Advice on structuring 4-plex partnership
Myself and my wife are looking to invest with a partner on a 190k 4plex deal in Connecticut. He is putting up 30k and we are putting up the rest for the down payment and closing costs.
I'm wondering what's...
Jose Duran
Note Sold After I Foreclosed
Hello Everyone, I started investing in Non Performing Notes a couple of years ago, so I still consider myself new at it. I was wondering if anyone can help me understand this.I aquired a NP second lien position and wh...
Yousef Reda
Should I buy a rental investment property for my brothers
Hi my 2 brothers is currently renting and paying 1500$/month in a property owned by someone else. He has bad credit. I thought maybe I should get the benefit by investing in a property that he can live in and pay rent...
Rhonda Benson
HELOC Versus Refi Fourplex Investment Property
I own a fourplex in San Antonio TX. I have about 100K in equity and am looking at pulling out some cash for a new roof and also to use in other investments. I currently have a 3.8% interest rate and have gotten quotes...
Michael H.
How does one start from square one on claiming and paying taxes
Hello again BP family,Ive got a hot one here, My younger brother has operated a construction style business for several years now...under the table. After my repeated nagging, and teaching him what opportunity costs a...
Todd Powell
RE Encouragement during Virus so just ASK !!
These are very crazy times! My stock portfolio has dropped $200,000, W2 commission sales are in the tank, and some tenants are freaking out, but you can still work your business during these times! I wanted to share a...
Dylan Bergum
Renovating and then Refinancing (Canada)
Hi everyone,I am new to the real estate game so I have some questions.I am going to be purchasing my first live-in property this coming year and am considering one of the below two options:Option A) Taking out a larg...
Darunee F
Credit Investing Pros and Cons Advice Needed
Can anyone explain the downside of becoming a credit investor and partnering with someone who provides the cash and assets? The plan is the non-credit partner somehow sells or pays off in 6-8 months.
I am wondering...
Justin P.
Using Roth IRA funds as down payment, not full deal
Hello, I've lurked on quite a few of these posts and have found several answers, but I have a couple more questions. I know if I use a Roth IRA to purchase a property, all expenses have to come from the Roth and all ...
Bob Flynn
Nonperforming Second Note Purchase with BK
I've made an indicative bid on a second mortgage that is nonperforming. The first appears to be performing. The combined loan to value is probably about 80% so there is equity here. I've reviewed the borrower's cred...