Newbie investorMy investment plan is to buy cheap condos with cash in decent areas on town and rent them out. I hope to buy one every 3 months.1b 1b560 sq ft$35,000 (will buy cash, probably offer 32,000)move in ready...
a top and bottom duplex for sale... Asking 169900$ but I figure 160k and it's a done deal with top 2 bed 1 bath rents for 950 and bottom for 825. property taxes are 2000$ per year...30 year. Mortgage with 5 year fixe...
I am looking for ways to get started while I continue to save capital. Is it possible to get a line of credit through an LLC if I am just starting out? My idea is that I would use the line of credit to flip properti...
Hello all, I was just looking for some opinions on the best strategy to proceed. We have one rental property worth about 150k that we own outright and we were thinking of getting a home equity loan on to buy an addit...
I’m sure there are many investors in this forum that can provide some great stories on this question. When did you quit your W2 to peruse real estate full time? What strategies did you take to get there? Were you on t...
I own investment properties in Ohio. Each property is under its own LLC and bank account.
My question is, does it make sense to setup another LLC as a holdings company (parent company) which will then own the othe...
Hi BP! So I am looking to purchase my first investment property in the next few months. I am planning to live in it for 1-2 years while in grad school, and then plan on renting it out. I'm trying to get creative with ...
I bought this overgrown house in a very nice neighborhood that had been sitting vacant for about 4 years. Somewhere in the process of the bank trying to sell the home the bank had a water issue that damaged drywall a...
Hello BP Community!I had a question about a live-in flip pertaining to a duplex. This is going to be kind of "off the cuff" so if there are some inaccuracies, please let me know.Alright, so the beauty behind a live-in...
Experienced Sub2 investors/bankers: When the bank acted on the "due on sale" clause, how much time did you have to perform your exit strategy? What was it? Enough time to list it and sell? Paid off in cash? Would ...