Liam Martin
401K for first real estate investment
Hey BP,I am in the process of buying my first rental property. I live just outside of Boston, MA and plan to buy a property within 30 minutes of my current residence using FHA financing. I found a couple of deals that...
John Waterhouse
Convincing a homeowner to sell
I have found the perfect house for a flip. I've done the research, I have the comps, I know the area, and I've done the math. NOW... How can i convince a couple, whom I've never met, to sell their home? Thanks
Sara C.
Overpriced, first home bought in 2007 - what to do with it now?
{Numbers included}You've heard it before: in 2007, my husband and I were young and naive, and desperately wanted to purchase our first home. Not only did we pick a neighborhood that we didn't know well (which turned o...
Fatima Varner
Possibly investing soon
Hi! I’m new to bigger pockets although I have watched many of their videos on YouTube. I’ve been interested in buying rental property for a few years but suddenly have a possibility to buy my parents’ rental property....
Kyle Collette
Moving from Financials Advisor to Vanguard - Tax question
Question for all the savvy investors with a little tax knowledge as well.I have been looking to make the switch from my current investment portfolio into index funds. I was fortunate enough to start investing at a you...
Ellie Narie
Is it considered fraud to hire your girlfriend as a housekeeper?
Okay, this may seem like a silly question, but what we're trying to do is figure out how we can get a mortgage loan to get a fourplex, but we are an unmarried couple, where one spouse is self-employed, and the other s...
Jayson H.
Lender admits appraisal is for "liquidation" value!
I'm under contract to purchase a SFR for $135k. I'd conservatively estimate FMV at $145k to $150k. The local credit union I'm working with to finance the deal has performed a $450 "real estate evaluation" (i.e. off-si...
Jake S.
HELOC vs Cash Out Refinance on Primary Residence
My home is fully paid for and I'm looking to use the equity to purchase more properties.Should I get a HELOC or just cash out refinance and lock in a lower rate?HELOC is more flexible, but is interest only and doesnt ...
Eugene Mar
Title company closes deal when property is foreclosed.
Hey everyone, I've got a really good one here.My property was sold for 42k and net proceeds came out to 35k. The Title company did all the work with a warranty deed and Title insurance. Funds were wired to my accoun...
Kenneth LaVoie
Total annual return on investment after sale of a building
I'm verifying that my "accounting" is sound. I recently sold two buildings that we held for exactly 7 years. I'm doing the old "Did I do better than if I'd left the money in the bank" calculation and I want to run my ...