What’s That Smell? The Plot Thickens.
Wednesday, November 04
A lot more people saw the previous post about my hoarder house than I would have thought. If you were one of them, thank you. If you missed that post the link is here: What’s That Smell? Not Cat Piss ─ It’s Opportunity. In that article I outlined three possible exit strategies. S...
What’s That Smell? Not Cat Piss ─ It’s Opportunity.
Saturday, October 24
My latest purchase is a hoarder house. Not bad enough to make a television episode but it is quite full. This is a 3,600 sq. ft. house. If all this stuff were in a 1,000 sq. ft. house there would be no way to walk around—it would be a TV episode. It is actually organized. Clothes, roomfuls ...
Trust. The Final Frontier.
Thursday, October 08
OK. You’re looking to close a loan with a private lender. (Just to be clear, I am considering a private lender to be a person who does not loan money for a living. It may be someone who has loaned money a few times before or, perhaps, this will be their first deal. It is very likely a family...
Confessions of a Private Lender. A Chronology.
Wednesday, September 30
When I get inquiries about private lending I often refer people to this blog to get an overview of the types of deals I have done and my decision making process. I searched the BP site and found that my earliest blogs do not come up when I type in the title of the blog and even when I type i...
TRID May Make Our Cash Offers Even More Attractive.
Sunday, September 20
TRID is here. It takes effect October 3. I have little doubt that these rules will delay closings. There will be mistakes, especially at first, which may delay closings significantly. This may cause many transactions to go past the closing date specified in the purchase agreement. When that ...
My Liquid Fund. How I Learned to Embrace Late Fees and Become a Better
Wednesday, September 02
My Liquid Fund. How I Learned to Embrace Late Fees and Become a Better Landlord. There is always a learning curve for a new landlord. For me, the most important part of the process was learning not to take the actions of my tenants personally. If there was a complaint or issue it was my job ...