I purchased a six unit apartment building in June 2017. The building had one existing section 8 tenant with a second section 8 tenant to begin renting on July 1. Immediately after closing, I contacted the housing au...
Has anyone done a BRRRR with seller financing? Was it a success for both sides? What were the pros and cons? I was thinking that this could benefit both parties in ways of, on my end I could save money with not having...
Hey guys, In August 2018, I bought a primary residence that met my buying criteria for a BRRRR, but I bought it with a bank loan and they want me to live here for a year. After dealing with closing costs, now I know e...
Do you have to own the property free and clear to offer owner financing?
If you don't, can someone explain roughly how you go about owner financing if you currently have a mortgage on the property.
I ask becuase I ...
I live/work in Los Angeles, CA and want to purchase a SFR investment property in the Inland Empire (1-2 miles east of LA). This is my first home purchase and I'm having trouble qualifying for a conventional loan with ...
Whenever I see a good investment property I ask if the seller will hold the note.. Most times the answer is no, but a recent agent just told me to propose a plan to him and he'd see if his client would have interest....
There are (2) 4 Unit buildings I am looking at and they seem to be amazing prices (240K each). Even purchasing them at their listed price, they seem to Cash flow very well. I'm meeting today with a lender to see how w...
Hello, BP community!
Here's my situation, I was going to start a position as a project engineer this upcoming Monday with an annual salary of $72,000. With that income and currently no debt I was able to get pre-ap...
Is there a something I could add to my contract, because these listing agents are killing my deal. When I have a homeowner who is interested in lease optioning the listing agents gets in the way, they are asking to p...
I'm interested in buying a property but the owner has tenants on a lease through the end of June. The timing is actually perfect for when I want to take possession. Anyone have any do's or don't's when it comes to thi...