Brian Jung
Building a multifamily from scratch
Hi Everyone, I am a newbie investor and has never done renovation on my own place, let alone building a multifamily from the scratch. Recently, a friend of a friend approached me and offered if I would go in as 50:50 ...
Jaime Villanueva
First time home buyer
Looking to buy a home, what would be my first step into getting a loan? What type of loan should I go for? Would a private money lender b an option?
Seth Greenfield
Mortgage to Myself and Refi?
I read on a forum in BP once about writing a mortgage to yourself (buying a property for cash) so that you can immediately refinance and essentially recoup your down payment plus possible rehab costs depending on what...
Michael A Moore Jr
Dealing with bad contractors
Good Evening,
A little background on me, I am a Real Estate agent in New Jersey and my wife and I are currently house hacking a duplex and we have been here for a little over a year. With a baby on the way we decided...
Jocelyn Evans
Does the IRS Recognize a Purchase Seller Held Financing
My Father in law sold part of his acreage (no house just land). This generated approx $300k cap gains potential. We asked a CPA for advice and they told us that if we can satisfy a transfer/sale of the property from...
Tim Crosby
Life Events Prompting a Change in Plans
So, my wife and I bought our first duplex back in December of 2018. Took a while to find a descent place at a fair price, but we did it. It's nothing special, but the maintenance is low and the numbers work. With both...
Brendan L.
Seller to make repairs before closing instead of price reduction
After an inspection, I asked for an additional amount off the selling price. Seller claims that the reduction won't clear his costs with the bank and realtor. He wants to take the repairs I noted and have his contract...
Andrew Oliveri
Approaching potential lenders and mortgage companies
I recently heard a good advice about the best way to approach a potential lender.The advice was to state 'What it that I want to DO' rather than just stating - What I want.In other words - Instead of simply stating th...
Ethan Bennett
Did we ask too many questions during the buying process?
We are in the process of closing on a home and had 4 questions for our REA. Keep in mind that all of these questions are relevant and should be asked before closing. Such as - there is a whole house generator instal...
Ryan Cummings
What's the best route to go for a HELOC as a new investor?
I just moved to Nashville a couple months ago and am looking to get started in my investment journey. We have a sizeable amount of equity in our home and I'm looking at setting up a HELOC to have easy access to funds ...