Justin Eaton
Hiring a GC vs acting as GC for renovations
So far i have completed 8 flips, 5 of which are sold, 3 of which are currently listed for sale, and 1 new flip currently under renovation. For the first 8 houses, i ran the jobs as the general contractor during the re...
Michael Brown
Refinancing - Lose PMI
Hello BP,I have a scenario that I need help with. These numbers are pretty spot on and a situation I am about to jump in on, however I don't understand the logistics of the refinancing piece.Say I offer to buy a SFH ...
Mark Updegraff
help me explain "subject to existing financing" a realtor
Hi All,
I'm just now starting to explore the possibility of Subject to existing financing.
Can someone please help me explain this to a listing agent?
I just got off the phone with absolutely no luck. The re...
Shahrzad Amin
Buying a Rental Property (utilize cash/equity or loan?)
Hi All,I have some cash (around 80k) on hand (on top of my emergency funds) that I am considering using to buy a rental property to generate some cash flow. I own the condo which I am living in currently with a ~100k ...
Rahul Bura
Any Investors in Ottawa, ON?
Looking to chat over coffee or drinks! Or maybe a spiced pumpkin latte since its all the rage?
Grant Francke
Long Term/Unhappy Tenants
Hello BP!We have owned a duplex for about 7 months, it had long term tenants (9 years), they are both in their 70's. From the first time we met them during the initial walkthrough, they were not happy, with just abou...
RICARDO RUIZ
Why REI ?
I've been looking around for some time now and I keep reading about cash flow of 100 dollars or less per unit per month. Is it worth the effort ? Here is my situation see what you think..I am looking at REI for maybe...
William Chrisman
is it worth mortgaging my primary residence.
Quick and to the point!
I purchased my home last june with cash, a foreclosure for 54k its worth about 180k. I have one rental property with a mortgage that breaks even and only about 6k equity, I have a guest house...
Veronica Solomon
Insuring Rental Properties Deeded into LLC's w/ conventional personal loans attached
I have 6 rental properties & have been advised by an attorney group to open 6 separate LLC's . All the deeds will be transferred into the LLC's . This is causing absolute chaos for me now with my insurance compa...
Jordan Hamilton
Is asking price to high? (fourplex in Miami)
I am trying to get into my first deal which happens to be a fourplex in Miami Florida (neighborhood of Allapattah). My strategy is to use FHA financing to allow me to put down 3.5% to basically get me in the game, liv...