Robert F.
Closing a sale with tenants already in place
I will be closing on my first duplex at the end of this month. Tenants are in both units. Rents are too low. I plan on raising rent for upstairs unit from 750-1000. I've done my research and feel that this is slightly...
Daniel Z Fang
Can a lender asking for documents requested by investor
Hello BP community,I’m in the process of securing financing for a home with an online based lender who, one day before proposed close date, has come back and requested twelve months of cancelled rent checks for rent p...
Jimmy Klein
Sponsor screening requirements
How do some of these sites screen their sponsors and the legitimacy of their investment return claims? For example, I have been keeping track of some of these home rehab flips being financed on sites like iFunding and...
Zach Theberge
Advice on managing another persons property
Hello everyone,My name is Zach and this is my first post on the BP forums. I am currently in the phase of educating myself on becoming a rental property investor and saving money to obtain my first deal. Recently I ha...
Karen Parker
US Treasury Plan on Short Sales Coming Together
Short Sales Plan closer to finalization
According to a US Treasury spokeswoman, The Treasury will soon finalize the long awaited plan to expand its incentives for mortgage companies to use "short sales" as a way to s...
Xavier Xthrax
Seller financing offers
I am thinking about sending out offers to buy property were I offer to make payments for the deed to land. So at the closing I would receive the deed and then start making payments.To make this happen I realize I need...
Steven Bates
New Warehouse Build in Loudoun County
We are bidding out this project and I am looking to get some feedback about what questions I should ask the Civil Engineer Firm prior to selecting them?We have architect lined up, land about to go under contract has u...
Karin Crompton
Should I address this comment, or hold my tongue?
Hey all,Sometimes the Irish and Italian temper in me clouds my judgment, so I'm throwing this out to the smart, reasonable people on BP...During an inquiry into one of the properties we are wholesaling, a rehabber inc...
Vanessa Lule
Negotiation Tips for Airbnb Arbitrage + How do I Present My business Plan?
Hi all,I’m in talks with a landlord about leasing a property for $3,600/month, but that’s above my budget. I plan to negotiate the rent and I want to present my proposal to show how I’ll manage the property responsibl...
V.G Jason
Seller Financing Questions
Alright, so I'm trying to understand something as an OOS about seller financing. If I go to say Charleston and want to buy a property, I'll likely have a real estate agent take me around and show me the good neck of t...