Gentry Redmond
Good equity but no cash flow
What are your feelings toward properties with good instant equity but poor cash flow? Recently I found a foreclosed single-family property tax assessed for 183k on the market for 149k. I submitted an offer at 144k and...
Gina Stern
Looking for Meetups
Hey guys i am looking to go to several meetups in 17 different counties but am having trouble finding any of note on BP and Meetup.com is there any worthwhile meetups to go to, or other avenues of finding them. I'm lo...
Meleana Tuimoala
Lease with multiple people
How did you manage leases with multiple people paying rent for a single family home? Did you have 1 person collect rent and pay at once? Or did you have them all pay separately? Also, did you have everyone sign the 1 ...
Peter J.
How long to wait before offering rental lease renewal?
Hello BP,I have a pair of exemplary tenants that started renting from me in late August 2019. Their current lease ends on July 31, 2020. Given their status as exemplary tenants to-date, I'm inclined to send them a n...
Salina Robbins
PHILADELPHIA PROPERTY TITLE INSURANCE
Hi everyone!
I am currently in the process of acquiring a property. I am having an issue obtaining title insurance. This property had several liens on it in the past,all very small amounts here and there. I do under...
Evan Aagaard
Downpayment in a JV deal
When doing a JV deal where 2 parties are each paying half the downpayment but only one party is on title, what is the best way to arrange the funds to keep the lenders happy?
Nick Maugeri
Cash is king rings tru
Acquiring three deals this month has been a well fought effort. Two of them financed conventionally at an 85% LTV and one that was acquired with a five year lease option. It has been great underwriting these deals and...
Igor Ogiyevych
Purchasing a REO occupied property hubzu
Hi I’m a new investor on these forums and everything’s been very healthful so far.I was wondering if anyone had dealt with Hubzu reo occupied recently. I’ve seen posts from a couple years ago but nothing recent. The c...
Cassidy Burns
Multifamily Properties Unit Break Ins- Whose responsibility?
Hi BP,
Looking for a little advise on how to answer tenants regarding break ins in both cars and units on the property.
We just acquired this property 3 weeks ago and had our first break in last night. We have ...
Michael Capizzi
dissatisfaction with Title Alliance of Phoenix
I had a poor experience recently with a wholesaler, but I'm beginning to suspect the Title company used (Title Alliance of Phoenix) supports the wholesaler in their misleading approach. The review below has been subm...