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9 October 2024 | 1 reply
HOpe this helps...Educate Yourself: Read books and listen to podcasts about wholesaling and flipping.Build Your Network: Connect with other investors and mentors in your area.Create a Business Plan: Outline your goals and strategies to stay focused.Take Action: Start making offers and pursuing deals.Stay Persistent: Keep learning and adapting through challenges.Good luck, and enjoy the journey!
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6 October 2024 | 7 replies
Hello BP Community! I've been listening to BP for years now and just now getting involved in the community element. Over the past 10 years, my focus has been on building a business consulting company, but travel has i...
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7 October 2024 | 1 reply
Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).
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10 October 2024 | 7 replies
She has sent 3 demanding emails in the past 6 weeks threatening "further action."
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11 October 2024 | 40 replies
Often you can find most of the education/knowledge for free, but the issue is a lot of people don't know what to do with it and fail to take action.
10 October 2024 | 0 replies
Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?
6 October 2024 | 3 replies
What was supposed to help the market, just went the wrong way. Yes, I understand why, but that doesn't help matters.
"The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on...
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8 October 2024 | 22 replies
Actions determine whether you have cause to terminate an agreement, for example not paying the rent.
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9 October 2024 | 2 replies
You hope either (1) neither lender finds out and or (2) neither lender decides to take action if they find out.Second, you make up the difference in equity with either (1)cash (2) 2nd mortgage loan with the owner with less equity giving to owner with more equity and/or (3) trading something else of value, such as another property, car, RV, etc.
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12 October 2024 | 25 replies
A buddy of mine was able to scoop up a couple of duplexes downtown for under $200K each, and they’re already cash flowing nicely.For Phoenix specifically, I’ve seen a lot of action in Downtown Phoenix and Paradise Valley Village, where investors have found strong tenant demand.