Willy Wallace
Need help! First absentee homeowner phone call today-
Hey All,I just did my first phone call to an absentee owner in Cumming, GA. Nice guy...not sure how motivated he is to sell, but hoping to get your input/advice/guidance on what if anything I might be able to do with ...
Eric Neeb
Sub $50k mortgages?
Hey guys,I'm looking at purchasing a small 855 square foot 2BR house for $20,000 that needs about another $15,000-20,000 put into it in improvements. Once rehab is complete I'll want to finance the property to pull o...
Michael Dallas
Documents to Ask for in Closing Process
Hey BP, I am going through the process of buying a 9-unit multifamily property. I was wondering what all documents do I need to make sure I get from the sellers to verify the information they are giving me.
Bill Bodziak
Need advise on first deal! I think its a homerun!!! Subject To advise needed
Hi everyone. My name is Bill and I am a new pro member. I have my first deal in the works and need advise on how I should structure the deal. I wasn't expecting such a 'fun' time on my first one haha. The deal brings ...
Nathan Mailly
Can't get actuals from broker
Hi there,
I think I've found a great deal on an 8-plex, but the broker says she can't get the actuals. How hard should I push to get these? It looks like a good deal based on the 50% rule, plus the rents are low. The...
Joseph Wilkins
Recovering lost rent and utilities
Due to the nationwide pandemic me and my family have been taken advantage of. As of February we had a tenant almost 30 days late so i put an eviction notice on their door (hoping this scare tactic would make them pay ...
John Fedro
How many individual mobile homes can you "buy/sell" per year before getting a MH retailers license? (Find out here)
Hi friends,
I have noticed that most folks on the forum here at BP are very concerned about not breaking the Fed laws that many people under-look state licensing requirements.
Below is a list of the requirements fro...
Jessica Hall
Sold my first home but received additional dox after fnl closing
Greetings, I recently sold my first home last week using a realtor. The paperwork was completed, signed, notarized by both parties and I receive my wire transfer on Monday as the closing was on a Friday after hours. F...
Robert Richardson
Our first rental property, a work in progress
My wife and I purchased our first investment property on March 1st, 2017. It is an ambiguous sized apartment building (2 or 3 units) with tenants in place that needs a ton of work. Here are some of the numbers:Purch...
Mario Morales
Do I need to have my contractor sign a lien waver?
I am using a reputable company to do some work for me under 5K. They will bill me when the work is done. I will look at the work, and if satisfied I will send them a check. Do I need them to sign lien waver at some po...