Brad Hasseler
Down payment cash or heloc?
I would like your opinion. If you have 20k cash and 30k in a HELOC what would you use for a downpayment?My thought is pay the downpayment with the HELOC and keep the cash as a reserve for needed repairs.
Laura Newsom
Can I foreclose on property I co-own?
When I divorced 13 years ago I moved out and my ex continues to live in our house. The divorce decree says we shall remain tenants in common until we agree to sell the house and mutually agree on a price. It states he...
Ty Primers
Structuring a lease option and sandwich lease
How does one setup a lease option deal and use rent to own as the exit strategy ? I’m wondering How do I sell the idea to the seller to get it under a lease option agreement without putting a large down payment down a...
Roberto Moita
Should I invest in mult-family?
I have owned (2) single family residence and (1) commercial building for several years. The commercial property is paid off and the SFRs have low mortgage balances. I have positive income on all the units. I’m have b...
Nicole Pierce
HELOC loans. What can I do?
Hi. I am wondering if its possible to changed a HELOC loan as in terms of the payment. It's 1% now even though the agreed upon payment was to be interest only. I got shocked when I opened the letter I recieved and was...
Kerry Boyle
Fix and Flip question...
Theory question here, curious as to everyone's thoughts.$155,000 purchase; $50,000 rehab; $350,000 ARV.Would you rather: A: Fund the entire thing on your own, $205,000 + $3,000 closing costs.B: Pay 7% I/O, and put dow...
Robert Belz
Offer in Triplex SLC, UT: Meth Test results positive.
Good morning BP Community! My wife and I live in the Salt Lake City area and recently had an offer accepted on a Triplex. We are excited about this property because of its awesome location and potential to be fixed u...
Robert Bracken
Risk Management for multi-family rehab project
Hi everyone, I just officially made an account (though I've read my posts over the past 18 months), so I am definitely newer to the game. My question is regarding how to best manage my risk during a large renovation t...
Susan Clark
How do I handle cockroaches
I had an inherrited tenant that was so discusting that I had to condemn the unit just to clean her out and at the time I payed for pest control to spray the unit. Move down the time line said tenant finally left the ...
Eric Geers
Out-of-State Investing: Question for a CPA
Hey all,I am planning on investing out-of-state (based in Southern California, investing in Fort Wayne, Indiana), and am currently assembling a team of people to help me out. My question is this: If I choose to solic...