My wife and I purchased out home in 2021 w/ an FHA loan. After a year and half, we’re ready to start using it as a STR while we house hack with family. We don’t earn a lot of money from our W2 so we’ve been patient an...
Hello, this is my first post in BP!I live in a primary home with good equity ($400k) due to recent boom. Recently, I have a contracted a new build ($800k) last June which will be ready in Aug, where the plan is to mov...
Hi, I’m new to BP; active military. I was referenced here during a consultation for my condo by a property manager. Bless his soul..I’ve been in my condo for 2 yrs this Aug. I’m ready to rent it out to begin my portfo...
I watch the other flippers in my market and it seems like fridges and washer/dryers are not always standard equipment. When selling a house, we have always included all the appliances to make it as move in ready as p...
We have a rental home with a current tenant who will be moving out in a 2 months. We would like to advertise the home and show it to new, prospective tenants. The current tenant is not clean- the bathroom and kitche...
Hello, i bought a rental property 3 years ago all cash for 71,000 cash flowing 900, currently using a management company. recently the tenant left and i rehabed the property, spent roughly 10 thousand to leave it rent...
Recourse and non-recourse loans are two types of financing agreements that differ primarily in the lender's ability to seek repayment beyond the collateral.
Recourse Loan: In a recourse loan, the borrower is personal...
Hello,
I am a starting investor. An older lady wants to talk to me about selling her home. She informed me that the house needs a lot of repairs and she has never gotten an appraisal, therefore has no clue h...
Looking into investing out of state and looking in the Phoenix area. I don't want to base everything on a "rule" or a test, but finding most deals so far struggle to meet the 1% rule, let alone come close to the 2% r...
Hi everyone! I'm new to investing and while I don't have my RE license, I don't have much capital for investing, I'm looking for a way to take a step forward in the industry and more or less just get a foot in the do...