A condo in my neighborhood was recently brought to my attention, and it appears to be a steal. The neighborhood is probably a C+ neighborhood, but the tenants in this building seem pretty decent from what I've been to...
Hi fam,I’m a self-employed looking to buy a multifamily (3-4 unit - is the goal) in greater Los Angeles area(LA and/or San Bernardino county). I’m trying to get a FHA Loan. How much income should I record as a taxable...
A friend of mine wants to sell his house. It's 3 beds an 2 baths at 1500 square foot. He bought it for $62k and still owes $55k on it with monthly payments of about $570. He's done his own renovations and updates, alo...
Hi BP!
May have just found a perfect rental in my area but had a quick question regarding the financing (am calling my mortgage specialist tomorrow!).
Long story short....purchase price is 135k and is a...
Looking forward to all of your ideas!
Hi there - my landlord has notified he wants to sell - I don't want to move. I am about a year away from being able to buy on my own, and was looking at contract for deed as an option. While learning about this, to ho...
I am considering investing in a triplex which is completely occupied and will cover all expenses, have a little left over to apply to extra mortgage payments and satisfy all rations. A good buy! However, I'm trying to...
I live in California and I own a property in Texas that is currently being rented out. The tenant wants to purchase the property from me and understands that in doing a Private Loan the interest may be higher than get...
I had an idea (maybe not an original, but new to me). Would it be possible for me to: 1.) Buy a house using OPM, 100%, paid for, free and clear, my name on the title2.) Rent it out for about 12 months, just enough to ...
Quick question about refinancing a property (single family home) i have rented out , it is currently up around 20-30k at minimum but it is under a VA loan and at a 2.3 Interest rate that is cash flowing nicely . Will ...