Mike Alder
My private lender assures me I have unlimited funding for deals
Hello BP Fam,Yesterday I was personally delivering payments to my private lenders. I've always delivered payments to my local lenders in person partially because I'm crazy but I feel it's good business to thank invest...
Jeff Warner
Real Quest - Anyone using it?
Does anyone use Real Quest? I'm starting to work an area that I'm not very familiar with and I thought a service like this would help me with COMPS. Keep in mind I'm wholesaling these homes so I don't really want to g...
Dean Suzuki
Security Deposit: What if seller doesn't have the tenant's security deposit?
Hi,
I am negotiating on the purchase of a four-plex in Arizona. The seller just countered my purchase offer stating that they don't have any of the security deposits for the tenants in the four-plex.
...
Lyle McCartee
Is transferring an LLC from Texas to Colorado, possible?
Greetings colleagues,Last year, I created an LLC in Austin, Texas. I never really got anything off the ground there with it, because I had a bunch of "fires" to put out personally and professionally. Fast forward one ...
Jim Truman
Doing the math: Cashflow, Reserves, Mortgage
Hello,I'm running the numbers on properties and planning to purchase one over the next year if we can find the right deal. I want to make sure I'm properly calculating cash flow when comparing properties and talking w...
Account Closed
Denying Children
I had to share this conversation I just had with an applicant.She called me to say she is interested in a house I have for rent. But, she also just talked to a real estate office here in town that also does property m...
Todd Moriarty
How many basis points to add to 10 yr treasury?
My goal is to quickly valuate apartment buildings with current accurate data. (i.e. interest rates, insurance rates, future taxes, future expenses, etc.)I'm trying to determine what the commercial loan interest rate w...
Mike Hartzog
Purchasing a Note with Term Errors
First things first... Happy New Year everyone! I hope your 2015 is off to a good start. I have a hypothetical scenario for you to ponder. Let's say you are looking at purchasing a performing note, but after doing t...
Odayne Daley
Is it a good idea to purchase a duplex with existing tenants?
Is it a good idea to purchase a duplex with existing tenants. What are the drawbacks?
James S.
Challenging an Appraiser
Hi guys,Just wanted to share a small success story on challenging an appraiser, mainly because before I just (successfully) did it this week, I honestly wasn't sure if it was a thing you were "Allowed" to do, much les...