Victor Valle
Owner financing or Hard money?
I have this situation:I am buying a property that I would like to keep as a rental (triplex) and the owners want their money in 2 months, so my options are:1.-Buying owner financing with 10K down for 1 month, fix it (...
Burt Gourley
New member from ABQ, NM
Hello everyone , I am completely new here and completely new to REI. I am a RN by profession. I have recently taken an interest in Real estate investing, tired of my career, I want some adversity and certainly woul...
Lucas LeBlanc
New member from south Louisiana
Hi,My name is Lucas. I have a strong interest in real estate, specifically in flipping houses and using the profit to roll over into another flip or possibly rental property. I am currently an engineering student but ...
Gabrielle E.
Is it smart to house hacking with FHA Plus loan?
I'm interested in buying my first owner-occupied rental property in 2016 using an FHA Plus loan as a way to house hack my way into real estate investing. For those who don't know, FHA Plus loans cover 94% of the home ...
Josiah Mann
What's the downside to buying myself a portfolio?
I've come across a few 100+ unit portfolios of single family and small multi-family properties in my local market that I'm interested in purchasing. The main reason for my interest in these specifically is that they o...
Landon Kemp
FHA on a foreclosure should I refi into conventional?
I purchased my house just over a year ago as an investment knowing we would not be here long. Since that time the values in my area have increased a substantial amount and because I got in at a very low price for the...
Gabriel H.
Proof of Rental Income
Hello BP! I'm in the middle of negotiating on my first purchase - a low income 4-plex in central Texas that is fully occupied and the numbers look pretty good. The tenants are at-will with no leases, which I understan...
Kyle McCorkel
BRRR on 4 unit property
Working on a potential deal:4 units, each is basically identical.2 beds, 1.5 baths, ~1000 sq. ft.The property needs no mechanical or capital expenditures that I know of. Separate utilities.Rent = 550/month X 4 = $220...
Rich Hupper
Exchanging encumbered property
Hi BP I am new to exchanges and wanted to know what happens when property is exchanged with mortgages. Wouldn't the mortgagees want to qualify the new owners?
Zac Celli
Oklahoma City Distressed Properties - Price Range Concern
Hey there BP Community!
I have been evaluating markets (for BRRRR investing) for the past month. I have narrowed it down to the final handful & Oklahoma City (City not Metro) is winning in almost every category e...