Lee Jedlicka
First loan - LLC obstacle
Hello, amazing community,
I am about to purchase my first duplex in Florida and having a hard time obtaining a loan because of my LLC not being active for over 2 years.
I have been working as W-2 for 8 years. Beco...
Jeff Berlin
co-insurance question
Hi BP,I need help translating and understanding co-insurance. I am about to close on a multi-family property out-of state and need to bind insurance coverage immediately. After going through the process of finding a...
Brandon Gadish
Dealing with Excise Tax
In a handful of states including Washington there is a tax that must be paid for the privilege of selling a real property. In Washington State the tax is 1.78% of the sale price.
I have done many sandwich lease de...
Levi Bingham
Owner occupied w/partner, 3% conventional loan advice?
Hello all,I have been searching but not finding exactly my scenario. If you're aware of some reading I can do on this, I'd appreciate a pointer to the material!My partner and I are interested in buying a 4plex, and bo...
Keith Behney
RENT TO OWN RECOMMENDATIONS
I have a newly renovated (flooring, paint and general clean up), 2006, 3/2 2500 sq ft home on 1.8 acre partially wooded lot in a rural area about 15 miles from Harrisburg, PA worth @ 229k, I'm planning on offering it...
Brooks Rembert
Need Help Figuring Out How To Approach This Deal
OK, BP family, I need some help. I received an email from a lady who's looking to sell a house. She is an out of state owner and currently has the house rented. She is 72 and says she'll never move back to Virginia a...
Monica Evans
Looking for guidance on next rental purchase
Hi BP!
My husband and I are at a fork in the road in our investing journey and I am hoping to get some advice/guidance from folks who are more experienced than us. In short, we bought our first rental in 2018 and pla...
Micah Bolch
Rent to own question
I have a buyer on the hook that's willing to do a rent to own. The home needs a lot of work and I plan on fixing it up. My goal was to secure the property then place a tenant in it for 2 years after fixing the foundat...
Jonathan B.
House with Equity, Paying off arrears and creating a 2nd mortgage
Here's a casein FL - Seller in foreclosure has 120k principal @4%, Shes 10k in arrears, house is worth about 250k, good condition.She wants to stay at the house, but doesn't mind selling it if needed.She will likely n...
Michael Puckett
Negotiating Seller Financing
I am negotiating seller financing with the seller on a duplex. I know that the seller is all about the interest and wants to retire - he wants to passively collect checks without any management. He has paid the duplex...