Brian Grignon
Hard Money Lender asking for Wire Transfer
I'm looking to flip a property in my area. I have engaged with a private money lender to try to get the deal financed. I received a "conditional commitment" letter from the lender. To begin processing the loan, he'...
Roger Mace
Should you refinance a DSCR?
Refinancing loans with a focus on Debt Service Coverage Ratio (DSCR) can be a strategic decision for businesses. Here are some situations when refinancing might be considered:
1. Improved DSCR: If a company’s DSCR ha...
Account Closed
Birmingham investors I need your input
I flew out to Birmingham Alabama last week and drove around for a full day. I wanted to see the neighborhoods in person before I commit to investing there. I made a list of all the properties on Trulia that caught my ...
Justin Goodin
Debt increases risk. Why use it?
Debt increases riskSo why do investors love using it?👇Debt, when used correctly, is one of the most powerful benefits with real estate investing.We can take $3.5M of investor equity↓And purchase a $10M apartment commu...
Matt Bell
Paying contractor for bids?
Hello BP Crew,We recently had a contractor in Montgomery, AL go look at some potential properties we were going to bid on and one we had a contract on. He never mentioned charging us for anything and we just asked hi...
Blake Varner
An “idiot’s” guide to selling home by owner?
I understand every sale/state could potentially be different, but is their such a guide online that gives a STEP BY STEP rundown of who generally does what at what point in the process, along with best practices? All ...
Igor S.
Do you use online rent collection
I just noticed a new website sparkrent.com that seems to offer a very easy way of collecting rent via ACH deposit. It allows you to assess any late charges and also sends out email reminders. I assume this wouldn't ...
Account Closed
These guru's must be stopped. What's going on here?
Hello all,After doing a ton of research, it seems to me that real estate investing gurus and their "subject to" teachings are going to turn good people (ignorant people) into felons. Just because someone is ignorant,...
Trevor Neis
Newbie From The Little Apple
Hello everyone,
My name is Trevor Neis and I am a relatively new member of bigger pockets. I have been listening to the podcast and reading forum posts for several months now, and finally decided to make an introduc...
Tommy B.
Rejection Letters
Is it necessary to send rejection letters to anyone who completes an application or only applicants who have submitted an application fee or background check fee?