Hey Team,Do any of you have suggestions for building wealth to afford down payments for conventional loans? I'm reading Brandon's book, Rental Property Investing, but many of the homes around me aren't cheap. Seems li...
I apologize for reposting what is probably the same question. My small brain needs to apply the rent to own/lease purchase of my specific situation in order for me to understand it. I have a rental property that was n...
Hey BP folks; Here's my situation. Me and Girlfriend are preapproved for 1,000,000 in loan together, I have 125,000$ to 140,000$ liquid cash to be used as down payment on whatever property we chose to purchase. Just l...
I have interest in acquiring an 8 unit building which is an approved condo structure and can be sold individually. I would like to use an old but effective
technique to purchase this property. I want to convenience th...
As an appraiser my opinion of the housing bubble is the fauld to the mortgage lenders. Most of the time, when doing an appraisal, if the report did not come out to the expected market value of the property, the lende...
“The 2% Rule” seems to be a fast favorite among new investors, and since I’m a tell-it-how-it-is (or at least tell-it-how-I-think-it-is) kind of guy, I figured I’d write a post to call it out.Before I go into why I th...
Well today turned out to be one of 'those' days.
Rental house #1: Furnace breaks down, requires $300 to fix
Rental house #2: Hot water tank sprouts a major leak, needs replaced, $500
New Rental House #3: Disco...
I am in a unique situation in which prospective tenants reach out to me to find them a place to live and rent. More unique than just that but for the sake of the conversation and questions I need answers on, the above...
So I'm struggling and hopefully I can get some help....
Here is my situation - I closed on a tenant occupied SFH back in April in an up and coming part of town - no tenant contract in place. I was initially concerned...
in being my first investment adventure, I thought everyone in my family (wife, daughter and son-in law, even my parents) could see what an incredible opportunity this was. My wife love HGTV. Everyone said they would l...