Newbie investor here. It dawned on me that if I pull out a HELOC to make a down payment on a rental property, and then finance the rest of the property, there will be no actual cash flow, at least for a number of year...
Interesting article:http://www.bloomberg.com/news/articles/2015-08-13/renting-in-america-has-never-been-this-expensive
Hi, I contacted a homeowner on Zillow who was trying to rent out their house. I asked if they'd be willing to sell the house and if so, accept seller financing.Surprisingly, I got a call back from the homeowner. He s...
I don't care if you love or hate the current tenant at 1600 Pennsylvania Ave. This post isn't intended to be political.I am curious to get the opinions of other BPers on what the investing road ahead/climate looks li...
I am Lease/ Purchasing my home in Spring Tx. Montgomery Co. and I've already invested over 20K in this property but the owner went into default and tryin to catch it up but doesn't think she can before Feb.3rd Foreclo...
Growing up in the mid west I'm pretty good at seeing things at face value. I understand the difference between assets and toys (most cars, motorcycle, boats, RV, etc). I started my investment journey about 4 years ago...
Hi there! Instead of listing a property I'm flipping, I want to sell with creative financing to my contractor. He doesn't qualify for a loan right now but thinks he will in 12-18 months. There is no mortgage on the pr...
Hello,I'm a full time professional musician, I'm blessed to be able to do this for a living. But this career won't last forever and neither will my youth. I'm 29 and I'm saving every extra dime to invest in future ass...
HUD Home Q&A
What is a HUD Home?
A HUD Home may be a single-family house, a townhome, condominium or other type of residence. The properties were deeded to HUD/FHA by mortgage companies who had foreclosed on FHA-...
Does anyone know if it's possible to get a 1st Lien HELOC on investment properties? If so, what banks/lenders will do this? Any lenders have insight into this?