Christopher Labonte
Unique finance issues with flipping
Happy Sunday All,
I will try to distill the mess I find myself in to just the pertinent facts:
I bought my first flip in January. It was suppose to take no more then 3 months, and 50k to repair. I am now at 6+ mon...
Karen Jackson
Renovation Project for First Rental Property With Tenants
I have just purchased my first rental property (2 bedroom 1.5 bath) townhouse. I have tenants currently living in the property and paying rent. The condition of the property is fairly good, however I want to make a ...
Lisanne C.
Utilizing equity in personal home to BRRRR
I’m thinking of refinancing my personal home to start investing in real estate using the BRRRR strategy. Thoughts?
Account Closed
How would you generate $50K per month with $1M?
Hey BP,Let me just start out by stating that I DO NOT have $1M, nor would I disclose my net worth /cash on hand for a general post. Hopefully that eliminates the “really bright for you to post you have $1M in the bank...
Ryan Ahlgrim
Wholesaling and the Law
I’m a new investor who is hoping to do his first direct mail campaign starting in 2014 to wholesale a few properties. I just got out of a 90 minute consultation meeting with an attorney. My purpose for going was t...
Ikenna Okafor
Are you a risk taker?? Try Detroit
Hey guys... I think ink Detroit might be worth the risk. I read on CNN that the city will begin auctioning off houses from the over 16,000 tax default homes it has: with auction prices starting at $1,000. I also we...
Hans Restuccia
The Lenders- NON HOMESTEAD AFFIDAVIT- what does yours say?
this is an excerpt from ours:
4. Affiant states under oath that she does not reside in above described property, this property is not the Homestead property of the borrower, and that this loan is for the business ope...
Renee Curtis
HOA President out of line
I recently had an invasion by my HOA President that I need help with. I was out of town and my HOA President told the lawn service to remove 5 of my Pampas plants from around an electrical box on my property. Accordi...
Sunny S.
Advice needed for an appraisal cameback with 15K below purchase
Hi,The appraisal for a property at saint louis came back 15K down than the purchase price. The purchase price was 65k and bank appraisal came at 50K. This property is rented for 950$/month and cash flow per month is 3...
Francene Iaizzo
Craigslist FSBO - Port Jefferson Station, New York
I found a property in Port Jefferson Station, NY. FSBO and the guy is moving out of state next month! He's asking $115K and the house needs a ton of work. The comps for that area look to be $250 - $400K (that's at a...