Account Closed
One loan, Two Properties, Two Different Sellers
So I'm under contract for two different properties that each have separate sellers (both parties unrelated completely). Since one property falls below conventional loan minimums (75k is usually what I see as a min) an...
Maurice Stewart
Making our Long Term rental an LLC
Hi,
My wife and I live in Northern California and are in the process of renting out our house long-term. Our rental will be in a different town than our primary bank. We want to start the process of making the renta...
Hen Ley
Title insurance for private lending?
I'm looking at becoming involved with private lending. I know when someone receives a traditional loan from a financial institution they typically are required to purchase title insurance to protect the lender. Do p...
Matt Reed
private investor returns
Hi bigger pockets! what is a good return to offer a private investor?
I buy 3bd sfh in the cleveland area......40-60k....rent 750-900/month.Thanks! Matt
Kyle Critchnau
Cash to move out?
I've got a property lead here in Broken Arrow, Oklahoma, and they're wanting $1000 to move out and the rest at closing. Has anyone ever done that before? I'm torn on what to say because it really sounds sketchy to me,...
Ken Collins
WI, Buying a hoarder house and Tenant has moved out
I am buying a house in Wisconsin to flip from Father whose son has lived in a house for 10 years with no written rental agreement and has never paid any rent but was supposed to. The house is 2 feet deep with garbage...
John Hickey
1031 with hard money
I rewrote this a few times I know its a handful, thanks for looking. Feel free to shoot holes in it.Got a q for you BP. I am doing a 1031. I have a CPA and a QI. I understand that advice here is not professional, even...
Randy Duke
Lease option
I have heard a real estate guru claim that you can get way more rent with a lease option that with just a straight rental, also he said you should get a 5-10k non-refundable option deposit.My question is, is that true...
Tadd Hale
Purchasing a Fannie Mae Owned Property
I am new to RE Investing and still learning. I was looking at properties in my area and came across a few Fannie Mae owned properties. As an investor what issues, if any, would I have if I wanted to purchase a Fann...
Billy Ross
Why a bank doesn't record a deed until closing?
We purchase 5-7 REO's each month, and I have always had this question...
On at least 80% of the deals we do, the bank has not recorded the deed or CT, and they do not until right before closing. While it does not aff...