Hi BP,I came across a seller who owes $34,000 on a property worth around $20,000. He is in an upside down position, but the property can rent for $800, so even at $34,000 the deal makes sense. How should I structure t...
Hi guys! I have my first mid-term renter booked while using Furnished Finder. Beside using KeyCheck through FF, what other options does the BP community use? I appreciate any and all inputs!
Hello BP Community!
I found a duplex that I think is a stellar deal. I don’t have a down payment but really want to jump on it. I know a conventional mortgage is likely going to look for a 20% down payment. I do not...
Hello BPC! First time posting and I will keep it short, I have half of the money I believe I need to purchase and flip a home in my area (central Jersey) and am thinking of filling the gap with a home equity loan. Any...
My wife and I are relocating to Waltham, MA from New Haven, CT and are blown away by the rental prices (not in a good way). Even with condos being as expensive as they are, the mortgages would still be far cheaper tha...
My friend is in a sticky situation, and I was wondering if anyone can offer any sound advice? What would you do in this situation?Last year, my friend and her husband bought a new duplex using a mortgage (their plan ...
This is a long post, but I figured I would post my situation and a decision I am trying to make along with a spreadsheet I made to track financial independence. See link below. You should be able to copy and paste int...
Hello everyone, I am still trying to learn a lot about RE investing. I've binged listened to a lot of BP podcasts, read the forums and 3 BP books, and still trying to learn the best strategy for me. Currently a renter...
I have a duplex (I live in half) with completely separate utilities and fuel oil furnaces. I'm tying to figure out the best system for my tenant to pay for his fuel usage. The way I see it I have two options:1) Work w...