All Forum Posts by: Lesane T. Johnson

Don't you deal with the bank on a pre-foreclosure property? Probably not a big deal if the owner is deceased. Looks as though there was no claim on his estate, or his possible heirs didn't want to inherit the debt. Likely a good deal. 

I have worked with Rentals, and I have pretty deep experience with managing AirBnb units, but I have not yet done a flip. What are some tips to get financing for a flip? I approached a lender few years back, and had no success. They couldn't grasp the concept of buying with intent to sell in 8 months time. How many lenders or what kind do you need to approach to find one willing to finance this kind of REI?

There will always be deals to be done. Only thing that could affect the number of deals around would be a market correction, in which case we would have bigger things to worry about! 

I appreciate there would be insurance complications to this. I have two AirBNB listings, and frequently run into red tape. Tax implications, zoning issues, and damages are just some of the many problems that plague my listings. a month or two more of this and I will drop AirBNB altogether. 

Welcome to BP Jess, absorb everything you can, there are some nuggets of world class knowledge shared here on the Biggerpockets forum!

Thank you all, I am happy to be here. I had to give BP a miss for a while, one of my investments was on it's last minute crunch. But I'm happy to be back!

Hi all, Lesane here from Portland. Just joined biggerpockets, and excited to expand my network. Let's talk!