Ryan Acain
Repay 401k Loan or Continue Saving
I'd like to hear suggestions on my current situation. Currently I have $8k 401K Loan (4.25%), and $10k in Bank savings account, no other outstanding loans or credit card debt. My goal this year is to save $20k to inve...
Callum K.
Repayment of 2008 first time home buyer tax credit
In 2008 I purchased my first home and qualified for the $7500 tax credit loan that requires a repayment over the next 15 years. I made the $500 payment in 2010 and 2011 but in 2012 I converted my home to a rental pro...
Kathy Leach
Using 401k vs. HELOC vs. Home Equity loan for STR Down Payment
Hello. I am new to real estate investing planning to buy my first STR in 2023, I am saving for cash down payment but wondering if taking a loan from my 401k would be a way for me to make this purchase sooner if the ri...
Tristan Sparks
Seller Financing Contracts
New investor here with my first deal under my belt!
Now it's time for number two. Had the opportunity to do a seller financing deal that fell through. Ultimately, I'm glad it did because I didn't know as much about s...
Crystal Smith
Chicago Housing Solidarity Pledge to Aid Landlords
Realize most of the Chicago BP investors are keeping up with the news but just in case here's a recent announcement made by the Mayor's office working with the major banks in the area to provide relief to landlord mor...
C Lewis
HELP- Refinance and IBR Issues
On 9/3/15, I was approved by Quicken Loans for a FHA refinance cash out. I purchased this home 8 years ago for $68,000 and now owe $61,000. The house was just appraised for $116,000 I was initially approved with Quic...
Jenna Goldstein
No Mortgage Without a Job?
So I heard you can't get a mortgage without a job. Isn't that illegal discrimination?
Adrian C.
2008 Homebuyer Credit Repatment Rental(12') then ShortSale(13')
Hello Community,I purchased my first home in 2008. I converted my home to a rental in 2012, because I received a job in another state. In 2013, the home was sold through a short sale. For the 2012 tax year, I had t...
Zain B.
Tenant decided to partially pay rent due to COVID
Hi BP Nation, Thank you in advance for reading my post. You have been great all along!!! So I might have been unlucky and gotten one of tenants from hell. SituationFirst, my tenants decided to make alterations to the ...
Ilya Plugovoy
Best bank/credit union to work with in Minnesota
Hey all. I am new to BP and MN. Moved here from CA 3 years ago for work and have been looking to get into real estate investing. I've been doing lots of research and was thinking that the best way would be to get a HE...