Will Gaston
Do You Think My College Students Tenants Busted this Floor Joist?
All:My handyman just called me and said that a floor joist was split underneath one of my college student rentals. Five guys live there and had friends over for the Super Bowl on Sunday night. They claim it was only "...
Michael Glaser
SBA EIDL Loan Terms | Is It Worth It For $25K+?
Thought the EIDL contract terms for those approved needed its own thread.I was approved and I'm at the signature stage of a loan above $25K. I understand the collateral, but the Requirements for Relative Collateral ar...
Sunny Karen
Planning to start investing in Detroit - any one use Upside investments?
Hello BP community,My family is evaluating a cash-flow market to get into - and we are close to finalizing on Detroit for various reasons (entry point, >1% RTP, strategic investments in parts of the city, ...)Based...
Michael McLoughlin
PPR Note Fund
Had a good talk with Peter Neill at PPR yesterday and just wanted to reach out to investors on the BP community that have invested in the PPR note fund to hear about their experience. PPR's track record seems pretty s...
John Thedford
I Loaned Money On A Property, Borrower Defaulted, Then Passed Away
The title pretty much says it all. I hired a law firm to foreclose. I received a letter in the mail yesterday from the attorney handling the estate. Now what? What should I do if I want the property? Any comments, sug...
Josh Edelson
Why are all the insurance companies pulling out of disaster areas!?
GENERAL DISCUSSION:California has fires. Florida and South Carolina have hurricanes. All these insurance companies are jacking up the rates 2x-6x or cancelling policies altogether in these and many other areas. If you...
Llewelyn A.
Cash on Cash Return Compared to Cert. of Deposits
While I have been a RE Investor for 2 Decades, I've seen this metric quite often. The Cash on Cash Return (CoCR) seemed to be part of a lot of REI's decision making criteria.This Post will be a very long one but one f...
J Scott
Diary of a Rental Property
I had a blast writing my Diary of a New Construction Project thread, and the feedback I got from that was great. So, I've decided to try another one...this time tracking and discussing the ongoing saga of a renta...
John Payne
When is it too late to tie up a Pre Foreclosure deal?
Learning more and more about Pre Foreclosures and Notice of Defaults, but one nuanced question. Whether paying cash or taking the property subject-to, the overdue lien that is causing the foreclosure in the first plac...
Joel Owens
100,000 isn't much anymore
I just read a very sobering article on Comcast just now. Only a little over 6% make 100k a year or more in the nation.
Adjusted for rising costs many are just getting by and unable to save much.
Hyper inflation hasn...