Brandon Ely
How to leverage existing rentals
Hi all, this is my first post. Thanks ‘m hoping someone had suggestions on investment strategy.I have a couple of SFR rentals in Coeur d Alene, ID. Combined, they are roughly at 50% LTV and I estimate very roughly tha...
Josh D.
Cancellation of Debt 1099-C Question
I'm negotiating a deal and have a seller who hasn't paid her 1st or 2nd in 2 1/2 years.
I just got the 1st to accept the buyer's offer. I recently discovered the 2nd (Discover/Morgan Stanley) sent the seller a 1099-...
Hector Bermudez
Help with Direct Purchase Deal from Owner
Hello Fellow BP members. I am looking for some input on process from more experienced investors. Here is the background: I am looking to purchase a duplex out of state; directly from the owner. This is going to be ...
Jon Lafferty
Closed on first deal
I'll mix a starting out and success story in one post. I met the bigger pockets challenge and negotiated my way into my first buy and hold investment. Today was my closing. The property needed some plumbing and ele...
Benjamin Johnston
What would you do?
My primary residence is free and clear and with an appraised value of 290k.
Rental property A has an appraised value of 150k and has two liens.
1. 33k balance on first mortgage at 5% fixed with 6 years remaining ($4...
Chris Iley
Metro Detroit Flip w/ pics $700 invested 105k profit
Investment Info:
Single family home in metro Detroit
Purchase price: $121,000
Rehab Costs: $45,000
Cash invested out of pocket: $700
This was my very first flip! I did 95% of the rehab and I'm really thankfu...
Jess Kempf
Bigger family- moving AND first investment
Until two months ago we were pursuing early mortgage payoff Dave Ramsey-style on our primary residence. We discovered Bigger Pockets and have been drinking from the fire hose trying to learn this new language of REI ...
Emerson Harbert
Rental home equity loans
I have 4 rental houses with about 200k in equity. Is there a loan available to access some of that equity for more rental purchases?
Jacqueline Brown
Best and quickest route to get $30k loan
I've spotted an investment but I don't want to throw all cash into it. Asking price is $40k, but I'll likely get it down to $35k, and put down 20% or so. $30k is just an estimate but I'd like advice on the quickest an...
Bhakti Kshirsagar
How did you finance your first buy and hold rental property?
We are currently evaluating REI opportunities. AFAIK, you need to put 20% down unless you are using house hack. I am curious to learn any other approaches you used to purchase your buy and hold rental and how did find...