Hello BP community, I'm looking for ideas other than house hacking for a first purchase to break into the rental community. I live in Austin, TX and am having a hard time finding a "great" deal on a duplex or triplex...
I'm having a conversation with another Christian businessman, and he is convicted that "the borrower is slave to the lender".
I know the arguments for and against borrowing to buy real estate, and from a purely mathe...
Hello,I am looking into commercial loans to get into multifamily buildings... I am sending out emails to local banks in areas I want to invest. These loans are a bit more tricky than conventional loans and one of the ...
We did a 1031 exchange into a 10 unit apartment building. The property is underperforming the other properties in our 40 unit portfolio. We've been consolidating our properties closer to our home location. This is...
Hi BP.Tomorrow I was supposed to close on a property, which we are now not going to. During the title search, we discovered a sizable second lien that they didn't disclose. When we mentioned the fact, they acted surpr...
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
I have ready many, many opinions on the topic, but never one with my specific scenario, of course. I would love to hear some opinions on what others would do in my shoes. I'm a 36 year old in the Clearwater, FL area. ...
I looked up a lot of properties through Zillow, and used the bigger pockets calculator to analyze it. The results surprised me, so basically properties which are expensive than 300k are not making cash flow. And the o...