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In the spirit of sharing back with this community, I'm sharing the contents of a summary document I've created for each of my rental properties that gathers in one place, on 1-2 pages, all the crucial details to know ...
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Hello, I am planning to go and bid at the courthouse steps for a couple properties I am interested in. I have never done this before, previously I have bought regular short sale, foreclosure proeprties that have gone ...
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Hi BP Nation,I am in Memphis, TN and I just completed a successful flip. I am now putting offers in on properties that I plan to BRRRR. My challenge is this - it usually takes me about 30 days to close through my ban...
I have a client/investor that is building his own apartment complex. Its 20 units and located in Colorado. He has about $750K in the deal plus a bank construction loan of about $1.6M.He is 50% preleased and is running...
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After finally getting my first short sale(buy and hold) in escrow, the appraisal result came back. Need some advise from fellow BP members:- Appraiser did not include the permitted partial garage conversion. Based on ...
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I wanted to share my experience with a recent HUD Home I purchased to BRRRR. It was a condo, purchased for $185k and the ARV was $250k. There were three comp sales in the complex in the past 6 months so that $250k w...
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Hello BP, newbie looking to buy my first property. I live and work in the Tampa Bay area. Been looking at the Hillsborough county foreclosure auctions and was wondering if anyone has any advice, insight, experience ...
I entered a winning bid on an illinois tax sale and it will be a quitclaim deed for the property. I've researched quitclaim deeds and it mentions that open loans don't follow the new borrower. I believe this property ...
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I want to take over someones property and then seller finance it to a tenant buyer in St. Louis Missouri. What will/should I expect to happen? -will the bank call the loan due? or just threaten. Will I be able to expl...
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Hi everyone,Does anyone know a good way to finance a manufactured rental home? Fannie Mae no longer finances them unless they are your primary or secondary home. The home I own was built in 2005, has a poured concrete...