So I'll try to keep this as brief as possible. It’s a long story. Extra credit to anyone who finishes…We purchased a house to live in, and it was a fixer upper. During the construction phase some materials were placed...
Hello,
I generate around $30k a month net with my other companies and am looking to funnel it down into real estate. I really don't know where to start and would love to get an idea of what the next steps are. Below...
Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...
We just finished negotiating the price and the seller has revealed at the last moment that there is an underground storage tank in the property. Our offer price did not take into consideration the cost of dealing wit...
Hi guys, Another question! I'm in California- where I hear has the WORST landlord friendly laws. It sounds miserable. If anyone has any horror stories, please share! even though it will probably scare me and add to my...
Hello BP Readers,
I have been involved in the RE field now for 2.5 years. After purchasing 10+ out of state properties with all cash in the $50-100K range, i ran out of funds. I then obtained $500K LOC (Line of Credi...
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
I have an interested lessee to do a lease with option to buy agreement. We ran a background check with a tenant screening website on both the husband and wife. The both have credit scores between 520 and 550. Their in...
I don't know who needs to read this, but I feel it needs to be posted, publicly.
Recently the following happened:
- BP Member posts negative statement about syndicator to these forums, involving lost money, poor co...
Hi all. Apologies if this topic is addressed in another part of the forum; I've checked through and couldn't find anything which specifically addressed my question. I am a young investor with no experience when it com...