Michael Ramos
HELOC for ADU exit strategy
I am in the beginning stages of my first investment property. I am currently going through the planning of a garage conversion ADU. I live in the primary residence which is a 2 bedroom 1 bath 1000sqft. I have a HELOC ...
Ivan Reyes
Alabama usury is 8%??
The searches I made online seem to say that the max usury in AL is 8%. Can this be right? Does that mean if you provide seller financing that the max you can charge your buyer is 8%.
That seems very low considering ...
Joseph Weisenbloom
Accessory Dwelling Unit Houshack in Austin Tx
It appears the only way to make a househack work in Austin is to build an Accessory Dwelling Unit in the backyard. Prices are very high for anything with 4 miles of downtown. I'm thinking buy a rundown house in east A...
Lyle M Smith
Question about all cash short sale
Hey BP - Newbie trying to execute my first deal here. I found a SFR outside of Philadelphia that is being sold as a short sale. The property is in rough shape but is listed at ~40% of its ARV. I lined up a hard money ...
AraBella Hannum
1st time BRRRR and understanding the financing part of BRRRR
Hi,I am planning to get my first BRRRR project in a month, but I am having a hard time understanding the finance part of BRRRR. 1. The property should appraisal for more than what you bought it for, then once that hap...
Jon R.
Great Opportunity, but short on cash
I'd like to pick the brains of everyone on what you'd do in this scenario:Multi-unit property is up for sale. Motivated sellers who are no longer in the area, which makes them even more motivated to sell. Property o...
Bryce Jamison
Golf Carts at an STR?
Any thoughts on having a golf cart at an STR for guest to use?Part of me thinks it will make my property stand out, decrease vacancy, and increase rent. The other part of me is worried about the liability of having dr...
Joseph O'Sullivan
Property Management Interviews
Hi All,I'm a real estate newbie (for now), but thinking of interviewing various property managers in investment markets of interest to start building the teams in preparation for that first deal..I'm sure there is a ...
Anthony Middleton
Pregnant Tenant Inquiry
Hello Everyone, I need advice.I am currently renting to a woman who is 7mo pregnant. So far she has been a good tenant but recently had a fight with her bf and kicked him out (not on lease).With her being due soon, I'...
Sandy Uhlmann
Owner dies, house in FC Is Sub 2 a possibility? Does second mortgage have a play?
Here is the situation: Nice house, perfect location for renters. In foreclosure. The owner died, leaving her sister as the POA according to county records. Property has a first mortgage that is foreclosing but ther...