Melanie M.
Motivated Seller -- How to Structure the Offer(s)
Hi BP Nation,
I have a motivated seller with a property in Florida. He wrote a lease-option on the property 2 years ago, tenants are great, responsible for all maintenance, no late payments. Option is written...
Adriel Hsu
Help Analyzing a 14 unit apartment
Hello, I have a 14 unit deal I am looking to purchase, but a few things are making me hesitant so I’m reaching out to BP for opinions. See the 3 things after the financials Purchase price: $390,000 I can get financing...
Jason Foy
Finance purchase under 35k
Hello,I talked with two credit union mortgage brokers today. I was seeking funding of about 30k to purchase a property to fix up and rent out.I am willing to put 20% down And pay those closing costs. Property has ligh...
Darian Richardson
Filling Out State LLC (Neveda)
Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.Early December 2018 I formed an LLC in the state of Nevada due to t...
Andrew Taylor
Deal Advice: Attempt #2
Okay, apparently my first post was disqualified for some reason. Not sure why - can't get anyone at BP to answer my question. I'm reposting below, removing the links from the original. That's the only thing I can thin...
Ally Garcia
Beginner investing: with 4% downpayment, what type of loan
am 28yrs old in LA working in marketing. Right now I have about $20k in a high yield online savings and money market, and not exactly sure which I should focus on more - paying off student loans, saving to buy a h...
Katherine Rossell
Putting houses into an LLC
Hello,I need a little advise or feedback about my current situation with my LLC. I currently own two duplex's (one that I live in) and I am in the process of buying a 4 unit with a conventional loan. At the start of t...
Matt Meyers
First Investment: House Hacking a $500k property with $0
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $517,000
Cash invested: $18,095
I'm currently in the process of closing on my first investment - ...
Account Closed
Is A FHA Loan Really Worth it?
As someone who has very little money to start with, there are a number of ways I can finance my first property and a FHA loan seemed pretty appealing due to the low down payment. After completing further research the ...
Nick Dillaha
Signed rental contract prior to new mortgage application??
Hey guys! My plan is to rent out my current home and apply for another mortgage loan through my bank and live in the new property as my primary residence... Would having a signed rental contract on my current home inc...