A family member is 30K underwater on his 2nd home. His ARM will adjust next year and he wants out.Is there an opportunity there and a way to help ?I am pretty new with REI and my focus is on rehabbing, but this situat...
Hi everyone,My name is James A. Flowers. My partner and I both reside in Prince Georges County, Md. So far we have been educating ourselves, listening to the BiggerPockets podcast daily, currently reading The Book on ...
I am looking at a duplex in northwest GA just a little south of Chattanooga, TNI would need about $55 down. I have 20K from savings from an on line business that I will need to get out of and find a new way to bring ...
I assigned a Contract to Purchase, and then I ordered the title work. It occurred to me that perhaps I should have made sure title was clear before selling my "equitable interest". Especially since the buyer gave...
Hi Folks! This is my first post. My wife and I recently bought our first rental property and are trying to figure what to do next. Our first property is only 2 months behind us but we are bouncing around the idea of m...
I never intended to become a landlord. Bought house new for 300K in 2006 at the height of the real estate boom. Refinanced in 2012 on a 20 year loan at 4% through HARP. House now worth 240K. I now owe about 160K o...
Has anyone here performed their first deal using a self-directed IRA?I've got about $15k in an IRA that I'm hoping to do my first deal with, and I also live in an expensive part of NJ, so I'm thinking of out-of-state ...
For those who are capped and constrained by all of the Conventional Fannie Mae/Freddie Mac rules on investment real estate lending, you should give the Non-QM (Non-Qualified Mortgage) world a try. I've detailed below ...
Hello BP!This post is meant for people like me. You've read all the books. Got your finances in order and are ready to make this happen but not sure if you could.A little background:I graduated college in 2017 with a ...
Hey Everyone,
I just got off the phone with a seller of 2 duplexes next door to each other 4units total. C...D area. According to seller excellent condition. They are 4 1/1s and gross income is $2k/month ($500/...