Stelljes Tate
First Cash-Out Refinance
Hi BP community, I'm looking to do my first cash-out refinance and would like to know exactly what is required on my part for the lender and also what does the lender look into regarding the property. As for me do I j...
Baha Acuner
Tenant with TAXID instead of SSN
I have a prospective tenant that comes in with a TAXID vs SSN. My agent who is handling part of the screening is telling me the prospective tenant has a job in US and has paychecks to prove it. I am just curious if an...
Christian Nachtrieb
Income Requirements Securing Loans w/ my Own LLC
Hi all,I'm in a situation where every property of picked up (only 3 at this point) was either with my wife as a co-signer or my mom on one. For the last 8 years I've been self-employed and my primary business, which i...
DuRon Netsell
Parents private loan financing
Alright, so my situation is Monday I will be making an offer on an HUD foreclosure with full cash that my mother is giving me from a mutual fund that was to be my inheritance(60K).
My agent has suggested that my mom...
Corey Hajduk
Advise needed on inherited property in Mancelona, Michigan
Hey Guys, Well my grandparents are getting up there in age and have started deciding on what to do with their belongings when the time comes for them to pass. They currently have 2 vacant lots in a nice little resort ...
Jacob Fitzgerald
Two for one homes twice the head ache
I have an opportunity to buy 2 homes for the live of ONE!! Woohoo... heres the catch Home A: $50/60k purchase $50k repairs ARV:$135k Rent $1250 ( this home is owner financed to a guy who’s always late and behind on ta...
Cirilo Villar
Saving up for a rental property
So, I’m 25 years old and I’m saving up money for a down payment on a property that I plan on buying and holding.I live in California, I’m not looking to purchase in my state because it’s too expensive and I want to ge...
Manny Del Val
Short Term Vacation Rental
Investment Info:
Condo buy & hold investment in Jensen Beach.
Purchase price: $225,000
Cash invested: $45,000
Short Term Vacation Rental that is rented 6 month out of the year right on the beach ...
Mike Landry
need a creative solution! assumption and sell back later
Here is the situation. The home owner has an owner financed note remaining of 90K. Minimal to no repairs. ARV 185,000. Her note balloons or expires in 2017. Set up in 2012. I suspect it was not done to frank Dod...
Alison Lee
420k for two A property duplexes
I have a shot at two duplexes, four doors total that they're asking 475k total. These are A properties, and approximately 2-3 years old. Each door rents at $975 and all four have tenants. Taxes would be roughly $4,750...