
3 May 2018 | 17 replies
@Anthony Dadlani well when I did this.I would make sure my note payment was higher than my payment on the borrowed funds so I made the delta.its pretty basic you borrowed 25k against your 50k note your 50k note pays off 45k since it paid down principal hopefully your 25k you borrowed your payments are set up to pay down some of that principal so lets say the pay off to your underlying is 22k.. they get 22k you get 23k.. everyone keeps the payments they got during the term ... for some reason you don't pay your 25k note buyer they can then foreclose and wipe you out.. or if it bids higher than their 25k at trustee sale or sherrifs sale depending on mortgage state or deed of trust state.. anything over whats owed on the 25k goes to you as next in line.

6 April 2018 | 3 replies
I’m not sure how plumbing venting works in these houses.Likely will also need new furnace and AC.Will need basic exterior remodel such as stucco over the existing brick .Finally it will need all the cosmetic stuff done like upgraded kitchen, bathrooms, floors etc.The house is 2900 sq ft but about 1000 Sq feet of that is the dining room and living room which needs very little done to it.Any rough ballparks on what I can expect this to cost with high end finishings?

18 April 2018 | 19 replies
Chris,If you need some help with legwork in Tampa (inspections, checking properties), basically putting eyes on something, let me know.

10 April 2018 | 30 replies
BP is quite unique in that you can get basic answers to your questions..

9 April 2018 | 3 replies
I hope this is clear enough....basically I want to sell as a person to a business entity and that business entity does the building and selling of these homes.

12 April 2018 | 14 replies
Then, I came across it again just this past March with even more determination and decided to sign-up as a basic member at first.

25 April 2018 | 2 replies
You need basic steps to get started not a fire-hose of info.

13 April 2018 | 6 replies
Many have posted a few great tips already, that's the cool thing about this forum ;-)That said, I highly recommend using the awesome tools provided here on BP to learn the basics of analysis and underwriting.A few tips to get started and your continued learning:Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s Guide.Check out BP Podcasts.Find upcoming real estate events and meetups near you.If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

10 April 2018 | 6 replies
I know this all depends on a lot of things but genuinely I feel if the only thing they are doing is bringing a buyer I would pay them a finders fee basically or maybe a certain percentage of the spread.