Abdul Azeez
Umbrella Policy Input needed
Folks - I have a primary home and two vehicles. In addition I own a rental property in Memphis, TN. I am now in need of an umbrella policy. I live in NJ. I am getting the feedback that both home and auto needs to be w...
James Thomas
A garden on a commons area
I live in an over 55 community that is largely built, but has some vacant land. A portion of this vacant land is to be a parking lot should the rest of the property ever be developed, so it's a commons. This is the lo...
Derek Johnson
Possibly my FIRST rental!
Our offer was accepted on an REO property. It's a 3/2 with a detached 2 stall garage in a good location. It was listed at $65,000 after several price declines from $112,000. It's assessed at $95,000 currently by the c...
Alex Langerhorst
How to construct this deal..Any thoughts
Hey People,I met this guy that wants to get rid of his property (for what he owes) and i'm a little lost on how to structure this deal. I just bought a multi (2) family myself last year July so i'm very cash poor but ...
John Cashin
Re-introduction from a really old member
Hi again, this forum has changed a lot in 10 years. I was a member back when the forum was the old style message board format. I joined in 2005 when I was 23 and was looking to flip my first home. I did end up flip...
Philip Bourdon
Mobile Home Sale - How Best to Arrange Financing Terms
Hi.
I had my first prospective buyers look at the MH that I just picked up for $2750. One is a engaged couple that is not in a great hurry and whose Dad would help out to pay cash (and whose Dad may also look the pla...
David Robertson
Why do short sales take so long?
I currently have an offer in on a short sale...it has been 3+ weeks since my offer without a response from the bank...I was told 8 days ago I would get a response with 48 hours...I still haven't heard anything to date...
Johnny Coleman
Found a property what should I do next
Found a property on craigslist, private owner, the guy wants 149k ARV is 230k, It needs abt 30k in repairs. I emailed him to see if he was interested in selling and hes yes. What do I do next?
Simon Asraf
How to Structure LLCs
Hello BP Community!
We have recently acquired a six unit apartment building in Memphis, which is our largest acquisition to date (we also have four SFRs). I want to know the best way to protect my assets. I keep gett...
Eli Altman
Really expensive rodents
Somehow it has taken me 3 years and over 20 units to run into my first rodent issue. I had a tenant in a 4plex complaining about rat/mice droppings. I looked up a good rodent proofing company and had them submit a bid...