Jonathan Cisneros
One rental Triplex!!
I have been blessed and acquired my first rental in Los Angeles CA. It's Triplex, cash flowing $600 a month. I have around $15,000 cash saved. Should I look for my next Real Estate Flip, Or my next rental? If so, for ...
Leslie Chapman
Question about Current Market Seller financing Terms
I know the range is wide for down payment options for OF deals. I'm selling a property and shared my terms with a potential buyer. He stated he couldn't go higher than 8% for dp and 3% interest. I wished him all the b...
Jon Haney
Does a HELOC make sense in this situation?
Hi everyone,Currently I own two investment properties, and I’m considering taking a HELOC on my first property to cover a down payment for a third. This is my first time with any sort of creative financing, so I wante...
Amitabh Tewari
Commercial Loan Information
Hello all,I am looking to venture into real estate investing of owing rental properties. I am looking to get a commercial loan to start off. Can anyone please send me the requirements needed to get a commercial loan o...
Suzanne O'Connor
Home that is underwater
Hi, I need some help. I have an opportunity to take over a mortgage on a house in Gainesville Fl. The house is worth 106K but the seller owes 118K at 6.5% for 23 years. He wants out of being a landlord and willing ...
Warren T.
Is Transunion's Residentscore compared to FICO score
Hello BP community. Need some advice. I have a SFR that I'm renting for $3,250/mo. I have a couple that looked great on paper. Wife is a teacher making $8K/mo (verified paystubs) in a good school district and the husb...
Jordan Pothier
Portfolio lender dialogue?
Hey everybody, I am not even sure if this is the right question that ask, being a newbie, but I was listening to one of the podcast and they mentioned portfolio lenders. I would not even know how to start a conversati...
Kevin Kim
Loaning to cure a default. Need a 2nd set of eyes on this....
I'm going to loan a distressed homeowner 10k to cure his default. His current LTV is around 55% (1st and 2nd mtgs). I want to see if I'm on the right track....
1) I'm going to buy his home on a mirror wrap subject to ...
Kelly Spafford
Financial Preparedness
We want to begin investing in real-estate and prepare myself financially to move in this direction.
Question ~ we took out a line of credit to make some improvements to our home about 9 months ago. We live in an u...
Carlos Villanueva
collecting the green
Alright BP world, I need some helpful advice on my 1st rental. The rental has been renovated and the right tenant has been found for this single family home. I will be meeting with the tenant on friday to sign the lea...