Ben Clark
Using someone else's money for a down payment
Hello everyone,I'm sure this has been asked before, but when I searched I couldn't find anything. I have someone who wants to be the down payment on property but doesn't want anything to do with the property and just ...
Dennis Perry
Purchasing my first apartment building (8 units) for under 350k
Hey Guys,First Post. I recently got my first investment property (SFH) and I will be wrapping up soon. In the process of finishing, I came across a deal for an 8 unit apartment building for under 350k. At first glance...
Ariel Moore
Wrap Mortgage
We are working with a seller in foreclosure. There is quite a bit of equity in the home and it only needs minimal upgrades and repairs. The foreclosure sale date is fast approaching...only a few days left. The s...
Joshua Cartagena
Property manager questions
Hi BP,I hope all is well. I was wondering what questions I should ask a PM if I'm interviewing them. These are the questions I got so far
1. How do you find and screen prospective tenants?
2. How and when will you c...
Fred Conway
food franchise vs real estate
This is a question I have thought about lately and was wondering if anyone had any thoughts on the matter. Clearly you need cash to buy a food franchise, specifically fast food, so this question wouldn't apply to what...
Cordell Critchell
New to land development
Hello everyone,
I am new to land development and looking to connect with other developers. Looking to learn more about other people's deal and maybe advice. This is raw land looking to make lots and sell as ready to...
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Land Trusts with LLCs??????
Just got done reading Wealth Protection Secrets by William Bronchick. The book came highly recommended by REI. Anyway, in the book the author recommends using a Land Trust in conjunction with a LLC. In essence the ...
Jeremy Jackson
Anyone flipped a house with foundation issues?
Found a nice property in a nice area with foundation issues. Anyone flipped a property with foundation issues? I feel like it will be harder to unload and scare potential buyers away with this type of issue, even af...
Greg Lovern
Flippers: Do you sell FSBO or use a seller's real estate agent?
As a flipper, do you sell FSBO or use a seller's real estate agent? Does a good seller's agent raise the realistic selling price by the 3% it costs to hire them?I'm assuming you expect to pay the buyer's agent's 3%, o...
Stephen Richardson
3% down on a 12 unit land contract, but no inspection til signed?
I'm working on a deal for a small 12 unit apartment property. Units are 1bd/1ba 500sq ft. Avg rent is $420. Cash flows $1800/mo at 100% capacity. Seller is an upstanding member of the community with 400 units and grow...