James Allen
Advice on dealing with Lender needed!
Ok, so I have an offer in on an investment property right now. I'm having a dilemma because I got pre approved for a 15% conventional finance loan on an investment property going for $179,000. I have a total of $42,00...
Account Closed
First deal
Hello BP, I'm 25 and I'm new to real estate investing. I am about to close my first deal on a forclosed triplex in Visalia CA. I purchased it with a FHA loan, 3.5 down and 4% interest. The surrounding properties are a...
Michael Fagan
Lease Options for wholesalers
I was reading an article, and it all made sense and was easy to follow except when I got to this:"Usually in 2 weeks I get a buyer, and we make $5000 a house (sometimes I take a note on maybe 20% to 33% of the down pa...
Eli Kallison
Analysis of Performing Notes
Hey BP,I’m looking to purchase my first performing note. While there are plenty of resources related to non-performing notes, I’m having trouble finding anything that can give me guidance on 1st position performing no...
Danny Brown
What’s my next move?
Hi All,I’ve been lurking for a while and am in need of some advice on what my next financing move should be. I’m 33, married, no kids and own 2 rental properties in NE Florida (both currently STRs):Property 1 is a 2b...
Gabriel A.
Friend inherited $215k condo from parents. What should he do?
A friend of mine works in IT inherited a 2 BR 2 Bath condo in the Falls Church area from his parents when they decided to move out of the country. He currently lives there with his sister. Similar condos in the buildi...
Ben Sherman
What terms for a hard money lender?
I am looking at buying some rental properties in TX this year (Houston). I don’t have any debts and I have enough assets to do some deals on my own. That said, I do have a friend with additional available funds that w...
Sandeep Reddy
Rent or Sell Or Continue Occupy
Hello All -I have scenario and want your experienced suggestion.We own a Condo in Garfield, NJ (Bought 2016) with Payments $2200 (P + I + T + Insu) + $335 HOA = $ 2535/Month. And if we rent this condo it would go for...
Alan Hernandez
Best way to transfer a home from parent then turn to investment
I am asking this for a friend in Kentucky that is now interested in starting in real estate. My default answer was "Talk to an accountant or attorney that specializes in real estate." That said, his mom moved from Ala...
Joe Kato
First chance to sell rent-to Own. Should I hold the note forever or payoff in 3-5 years?
Hi All,
I have my first tenant ask to buy my SFR house from me. What is recommended way to structure an offer to sell owner financed? Or should I just sell outright and transfer profits with a 1031 exchange and buy ...