Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Anton Volkov Sandwich Lease Option - good/bad idea?
14 May 2013 | 15 replies
As Bill Gulley knows what he is talking about re: the CFPB and SAFE Act, when you are in the lease option arena of real estate investing, you need 2 things to do it well.One is a licensed mortgage originator "that is not you" to look at the 1003 app and give a professional opinion as to lend-abilty.Two is a Credit Improvement specialist to assist the tenant buyer in improving their FICO score.I like an easy going seller that understands patience with the success of the process to get the loan, and I also look at the coachabilty of the tenant buyer, willing to be coachable as to debt to earnings and paying down debt to get a mortgage.I beleive this is harder than wholesaling in some ways, as you are coaching-teaching sellers and former renters how lease options and mortgage orgination works.But if you are in a RE location where there are not alot of wholesaling opportunities, buying on terms and renting out or selling on lease option is viable alternative, as long as you follow the new rules.See http://www.realtor.org/topics/seller-financing/the-safe-act for SAFE Act Final Rule: Seller Financing and REOs
Tony Tran Leveraging Employer 401k Loan
21 March 2017 | 36 replies
Anybody can state that they intend to do business in the future.Also, if the IRS were to ever seek to disallow your 401k, it seems that the alternative is that you COULD have just put the money into an SDIRA without having to worry about the sponsoring-business requirement.
Ibrahim Hughes Alternative to Samsung Galaxy 4 and Iphone?
9 June 2013 | 5 replies
Is there an alternative and good android phone for business that you would recommend?
Frances L. Ceramic Floor Problem
18 September 2013 | 15 replies
Alternatively, hire someone to clean up this mess and then regrout.If you have already paid someone to install their tile, I'd be all over them to fix their sloppy work.
Mark C. REO Auctions
16 January 2014 | 5 replies
Bought several from hudson, and one from each of the others. 95% of the time, these are still listed on MLS, the bank is just 'trying' an alternate disposition strategy, so you can still set showings and SEE the property.
Jerry Skeens Duplex/triplex
13 February 2014 | 17 replies
I didn't purchase the list, but if the MFR inventory in Dallas doesn't change, I may consider doing this as an alternative option.
Chris F. Are 401Ks a good investment vehicle?
30 March 2014 | 5 replies
You simply have to be willing to put in the time to educate yourself and carry out the necessary due diligence for whatever alternative asset you want to become involved with.
Dustin Faeth Occupants in Default on Terms of Contract for Deed - Advice on Eviction?
11 June 2013 | 7 replies
In issues such as these it's not sufficient really to look up statutes and run off trying to manipulate a buyer, you need to consider what they might be able to do and throw up road blocks the best you can to those alternatives so they are not sought, lawyering, not just wack a mole tactics.
Beth D. To Stage Or Not To Stage...
26 May 2013 | 13 replies
It's also a great way to show alternate layouts for a space that may have multiple uses.
Daniel Kowal Interesting Twist
1 June 2013 | 9 replies
He will also get a better rate on his money than he would after tax receiving a lump sum and investing in some alternative investment.