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Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't kno...
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So in my first post 2 weeks ago I briefly introduced my desire to complete my first transaction in the next 6 months and my current financial situation. I was lucky enough to meet with 2 very bright and influential me...
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Hey Everyone,I wanted to share my first BRRRR success story with the BP community. It's a bit lengthy but you can scroll down the find the details of the deal.STORY:First, some quick background (deal starts on 3rd par...
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Having trouble determining how to assess my investment returns. My rental property is in Boston where 1% rule is hard to achieve (live-in converted to rental after moving out). Rent is 3300/mo. but after all expenses ...
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My Father has a 401k that he isn't using for income at all. Next year he will have to start taking minimum distributions from it.I'm interested in acquiring real estate using the BRRRR strategy. Is there any way to ...
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I own a 3 unit multi family home in Upstate NY, bought in 2016 with a FHA 203k loan. Purchase price was $127K, renovations from the 203k brought the loan total up to $154K. The house was appraised by the county for $1...
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I bought a house in Costa Rica, using partially money from my 401k through a covid distribution, which meant I escaped the 10% penalty but still am liable for income tax.I'm 59, and took out approximately $200k. This...
I own a 2 bedroom condo in Florida which was purchased 3 years ago for $204k with a friend. We own it under an LLC, 50/50 partner. It is strictly a vacation rental investment property which barely breaks even every ye...
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I've been researching ways to find legit connections that will lead to REO listings. I am willing to do BPO's to start out, however, I cant seem to find info on those either. Contacted the HUD asset manager for my are...
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Hello,
I currently have two rental properties in Tallahassee, and one of them I have been unable to get insurance on due to it needing a new roof. The decking has rotted on the edge of the roof, causing the roof fasc...