15 months late The total is about $8800. House was originally purchased at $ 90,000. $ 67,000 is what’s owed on the house. House is valued at 86,000. How would I structure this. Need help to analyze.

Hello,Is it possible to transfer an owner occupied multi family home ownership to an LLC and eventually personal loan to an LLC loan?Is there any value going through this exerciseif the landlord ends up being the guar...

Hello B.P.

I'm fairly new to real estate, and after educating myself here on B.P. I realize that I made a mistake on my first rental property. Let me be brief on my first property I bought about two years ago...

I noticed an interesting article come across venturebeat today about a new startup that supposedly will make buying/selling homes easier. Being an IT guy and budding investor/entrepreneur, this article piqued my in...

I recently applied for a $55,000 mortgage with multiple big name banks and was informed that they don't write mortgages for that amount. Is it possible to get approved for such a low mortgage or will the points al...

I'm fairly new to REI and I came across a foreclosed home that I'm strongly thinking about purchasing. It's a beautiful home that my fiance and I want to live in. the bank is asking 740K for it, and it was last listed...

Sanity check please..

Six-unit apartment building, 2@2bdrm, 4@1bdrm.
Asking price is $299,000.
Gross Income is $55,200
Expenses $27,600 (50% rule) stated expenses actually $20k
NOI $27,600

Figured on offering 275...

Hi everyone,

Anyone have a foundations guy in the downtown Chicago area?

LC

HelloI am purchasing a 2 unit frame building in Chicago Lincoln Sq area to live in one unit and rent out the other. The property needs extensive rehab. That is not the issue, nothing that a GC can't fix. I do have dou...

Background info: I am using BP to learn creative ways to buy my first property with no money. I have an FHA loan on my home that I refied to another FHA mortgage last Aug. I have time on my hands since spinal surgery ...