Alma Mills
Suggested private money interest rates?
What do you think are reasonable rates and terms to charge private lenders I know. Giving them 1st position on a property where they will be lending no more than 70% of the ARV.
Louise Whidby
Equity definition in RE
I don't understand the term Equity. Can someone please break it down in RE wholesaling terms. I looked up the definition and this is what I got..... The difference between the current market value of the property and ...
Tyler Piciullo
Need Clarification...Can you do this? HML & MONEY
Let's say I found a deal. Hard Money Lender is requesting 20% down and will finance 80% of purchase price and 100% of the rehab. When it comes to the 20%, I heard that the HML wants to always stay in the first positio...
Sam Lopez
I’m considering investing in Detroit and/or Texas around Dallas
Hey all,So I’ve been looking around online in the downtown Detroit area. I’ve also searched the forums for conversations regarding Detroit and it seems that the most recent conversation is a couple months old. I’d lik...
Laura H.
Should I Stay or Should I Go Now...?
Hi all! Still kind of new to all of this, so bear with me...My husband and I have a duplex (he had it built in '96) and it's nearly paid off ($38k left). Thing is, we're not seeing much (if any) return. Never have. To...
Jonathan Jewell
HELP! JV financing, partnership or just plain crazy. You decide
Ok BP universe.I really need help on this one or I’m going to lose my mind.This post is aimed specifically at the people who are very familiar with either JV funding/ Partnerships, private money or all 3.The names an...
Atul Mohlajee
Tenant late every month for the last seven months
I have a tenant with a yearly lease expiring in November 2014. She has been severely late in rent payments for the last seven months. Gave her a 5-day notice every month. She pays partially and late but pays till e...
Megan Phillips
Must Have Tools for Landlord
Hi All,This may be a newbie question, but what tools would you consider "must haves" when planning to do at least some rehab work yourself on properties. Think painting, some flooring, replacing vanities/toilets, putt...
Christopher Colburn
Turning a property into an assisted living home.
Hi,My wife and I have been working on a plan to turn investment properties into assisted living homes in Colorado. She has been in this type of industry for a while as well as knows people that have turned properties ...
Mary Jay
What is the proper way to deal with the security dep notice if no forwarding address?
The tenant broke the lease and moved out and left a mess
I sent the message that the secutity deposit is not enough to cover the expenses after the tenant moved out to the last known address of the tenant (which is m...