T. Alan Ceshker
Wraps and due on sale clause
15 June 2024 | 87 replies
Alan Ceshker: Thanks for the questionYes it does First - get insurance in place correctly -- use a proven insurance provider -- this is most important Educate seller to not contact the bank Use a trust structure to have the conveyance appear to comply with Garn St GermainBe ready to fix if needed via a deed flip flop or paying off the mortgage These transactions should only be attempted by experienced and ready investors -- those with the knowledge and ability to fix if neededThanks Alan Hi Alan, I've made it no secret that I have ethical issues with many of the sub-to tactics being used nowadays, but I have to ask about your statement "educate your seller not to contact the bank".
Amanda Bahil
How to collect back rent?
11 June 2024 | 22 replies
So that's one of the reasons I came back to BP: to see what fellow landlords are using nowadays.
Andrew Grimmett
Need help with Contractors
10 June 2024 | 13 replies
So by putting everything down on paper, you can easily correct the client and keep things moving.You mentioned timelines....those are hard to get everyone to agree on in the original contract because a Contractor knows that a customer nowadays will start changing things as soon as they watch that episode of HG TV with their glass of wine.I included on my Change Orders a line to add time to the project in addition to the added dollar amount.
Mario Cuartas
Tapping Into House Hacking Benefits By Helping My Sister
9 June 2024 | 6 replies
Plus with the prices of land and construction nowadays you would likely be in jumbo loan territory, meaning higher rates, and down payment requirements.
Rigoberto Medina
Perhaps a silly question but Newbie needs advice
9 June 2024 | 2 replies
I'm looking at a 35K home and my realtor told me most bank don't lend for anything less than 100K nowaday.
Manuel Llanas
Considering getting a 2nd property (multiplex in Oregon, where my brother lives at)
8 June 2024 | 4 replies
Both said that I should leave it as is, given the APR is at 3.25% and my bills are quite small compared to nowadays.
Joyce Kim
Need an eviction lawyer in the City of LA for non-paying tenant: please help
6 June 2024 | 1 reply
I think I have a good case, but it's really hard to find an attorney to take it nowadays—all the good ones are fully booked and hard to reach.Any suggestions or recommendations on how to approach this issue would be greatly appreciated, as I am a new landlord.
Britt Hennings
Share numbers for first STR (small town, normal SFH)
6 June 2024 | 7 replies
Unfortunately, it's hard to be profitable in the STR world without 'going all in' nowadays!
Alex Rodgers
What's your cash flow strategy for 2024?
8 June 2024 | 37 replies
I know nowadays the rage is all low/no money down deals, and maybe I'm just not educated in that world enough to find the deals and get them done, but quite frankly for me it's been having enough cash in the bank to put down substantial downs that allow for monthly cash flow.2.
Jake Harrington
Is hard money recommended for your first flip?
8 June 2024 | 21 replies
This is tougher to pull off nowadays.