I'm feeling stuck. I have two duplexes and my own home, all paid for, totalling about 750k. I depend on the income from the duplexes to live (about $2,200 and $1600 monthly) but am barely making it. I have been looki...
Hi,After two years of saving, we are finally ready to buy our first property. We found the areas that we'd like to invest (Lenawee/Monroe Counties, MI ) The houses there are affordable, and they have some really nice...
Hello All, I am trying to make sense of something that keeps being brought up on numerous investment media I have listened to or watched on youtube, but I just don't understand the reason behind it that makes it bette...
I am looking at a Mobil Home Park and could use some help evaluating it as well as understanding what I am getting into. Basics: 34 acres, 52 lots. 27 lots are owned by tenants who pay a site rental fee. 10 units are...
I would like to network with a local knowledgable investor that's familiar with rentals. I know being an apprentice may be a good idea and help take care of the day to day operations. Just seeking some guidance and di...
I understand the concept, but how does it work?fter I refinance, what am I cashing out?In what form dAoes the cashout come?Cash in the form of a check?A line of credit at the bank that can be used in any way I decide?...
I have asked a few question trying to find a strategy to purchase a property. Is it possible to borrow money from a hard money lender to purchase a foreclosure property for cash then refinance the property to pay back...
Hi Everybody! I need to get a question answered ASAP because my accountant isn't getting back to me, so I figured I'd try out asking the BP community. We would like to make an offer on a townhome that will eventually ...
Hey folks, I have a primary residence which I bought at $320,000. It's now worth about $380,000 and I owe $225,000. What are some ways I could use it to get into my first rental property? It seems to me that there is ...
Hello BP,
I have been working on finding a property to invest in. I have about $30k for a down payment however I am not able to qualify for a conventional loan because my debt to income ratio is too high when the mor...