Account Closed
1st accepted-Help with 2nd.
I jumped in as the third offer on a short sell house sitting empty for over 4 months. No expectations as I knew there was a 2nd lien but a month later I get a counter offer from the first that I accepted. At least I...
David Y.
Self Directed Roth IRA
Hi Everyone, Good day! I am a newbie here and I was wondering if anyone knows a good institution for the self directed IRA account that would allow REI later on. I heard that some institutions allow it and some don...
Jalen Greenlee
Seeking Advice and Insights on Implementing the BRRRR Strategy in Milwaukee, WI
Happy almost Summer BP Community,
I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold i...
Jonathan Pflueger
NEW (ish) Santa Cruz County Septic Point of Sale Ordinance - Investment Game Changer
Did you acquire residential or other investment property in Santa Cruz County prior to July 1st, 2023, and are now contemplating selling it? It is essential to familiarize yourself with the new septic system ordinance...
Samuel Chua
What happens if I fail to pay the mortgage for my property
What happens if I have a bank loan and fail to pay the mortgage? Will the bank take the property away from me? Is this why it is always better to get a downpayment even though I have enough cash to purchase the entire...
Ed Ricketts
Non recourse Loan
My solo 401(k) trust owns 93% undivided interest in a home (free and clear). My wife owns 7% in her own name. Can I use cash accumulated in the solo 401(k) to buy her out so that I may get a non recourse loan on the h...
Alex Heidenreich
What Metric is your "Go-To" at-a-glance analysis for deals?
I typically look for the 1% rule based on ARV and an all-in investment of less than 75% ARV. Those are the most important metrics to me. What about you?
Craig Steltz
Sheriff's Auctions
Ok after feedback from all of you I have made a couple of decisions. I don't plan to buy any rental properties unless a real deal presents itself. I've also decided that I will not deal with section 8 or lower incom...
Artem Lopatchenko
Business Plan/Loan Proposal Analysis Values to Use
Hello BP,Hoping that someone on BP can give me some insight. I need to start shopping local banks/credit unions to secure financing for my (hopefully near future) rental property purchases. As part of the proposal, ...
Jeremy Bloom
Financing REO for rehab/flip
I am very new at Real Estate investing and have some questions. First off I have 7k in savings and I found an REO property listed for 70k. My question is should I save 20% for down pmnt and get a conventional mortgage...