Stephen Sokolow
Buying a Pre-Foreclosure
Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...
Chance Bridges
What is Historic West Ends Cap?
Does anybody think Historic West End will cap at soon PPSF or do you think the prices will keep rising? If you think they will keep rising what do you think the cap will be PPSF? I am looking at a house that would wor...
Stephanie Polydoroff
New Investor
Hi there! I am a new inspiring investor out of Scottsdale, AZ and would appreciate any general feedback and advice from other BP investors. I'm passionate about multi-family, and also single family investing, but I fe...
Eric M.
Exit Strategy for home in which I overpaid
I trusted my realtor and was mislead and paid $30k more than what the house is worth. What is my exit strategy? I've just been stationed in New Orleans and this home is my primary residence. The idea was to rent it...
Derrick Nygaard
New to REI and B.P. from Olympia, Washington.
Hello everyone, Im Derrick Nygaard, a blue collar guy on his path to financial enlightenment. Im new to the world of REI and investing in general. I work a factory job and raise a family on a modest income. As a ...
Pat Noyes
Primary residence home equity use
I am looking at one of two options.
1) get a HELOC on my primary residence and use it for a 20-25% down payment on a multi family. OR
2) sell our home and use the proceeds for a) 3.5% FHA or 5% conventional down pay...
Ed Moran
Land Trust ... LLC..Umbrella Policy
Hello BP - I'm about to secure my first REI (MFH) in FLA via conventional financing. I have read about placing properties in an LLC but there is a risk of violating the Due on Sale Clause. Speaking with my lender/br...
Rich Merlino
Electric baseboard heat
Dear Esteemed BP Community,I have recently purchased several buildings in Massachusetts that are very poorly insulated and use electric baseboard heat. I am working with a program called Mass Save to improve the insu...
Justin Roldan
NEWBIE FROM SO CAL
My name is Justin Roldan. I am a new member from Southern California. I have a full time job and am very much interested in REI. I own a single family home where I reside with my family in Bellflower,CA. As of right n...
Lanny K.
Out-of-state with no room for error
I've been a landlord for many years, and for the most part it's been a positive experience. My style has been to only buy something I would live in, which typically landed good tenants that I can easily relate with. ...