Rob Smith
Promissory note purchase program
This is the deal that has been explained to me let me know if you know anything about this type of deal example Client purchases one promissory note each month at $1000 each for 12 months at the end of 12 months clien...
Kenneth Woodall
Buying a Chapter 11 Business Question
I am approaching a multi unit that has been approved for chapter 11. Is the current owner allowed to accept an offer lower than the total debts?Simplified example:10 unit property with $1mil in debt. $800K is from a s...
Johanna Castel
Help me as I start out in this journey
Hi everyone! :)For the past couple of months I've been educating my self on REI. My uncle owns a multi-family in Brooklyn and several homes he rents. I always wanted to someday own a building and get a passive income ...
Justin Tahilramani
Purchasing a REO using 0% Balance Transfer
Hello,
Just looking for a little advice. I have an REO that I am considering making an offer on. I feel confident about the numbers, but I wanted some advice on using a 0% APR CC Balance Transfer to float t...
Eric Roloson
What is the QUICKEST path to PROOF OF FUNDS? HELP!
I just joined biggerpockets and am excited to post my first question. I have found a great property to rehab and flip. I am confident I can get an amazing deal on it. However, I have a problem...TIME! I have 10K in th...
Kerry M.
Should I walk away?
1920 HUD former duplex 4/2 for $26K in a college town where 3/1 prices average in the 70's. Our contract date is 3rd week in April. The list of what needs repairs is long. Needs new plumbing on one side, including ...
Jason Neff
Pros and cons of cashout refi
Hey all,Pretty new to this forum and RE investing. I'm currently weighing the pros and cons of a cashout refi on my single family rental. I bought this rental as a primary residence in '17 for 190k with a conventional...
Marie Fries
How to find a list of local lenders
Is there a simple was to find a list of local lenders in my area with contact info and rates? A few years I would've looked up banks or mortgage companines in the phone books "Yellow Pages". Do they even print the ye...
N/A N/A
What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...
Jalisha Oracius
Real Estate Newbie- Any starting advice?
I have been doing a ton of research online for the past few weeks, trying to learn everything I need to know about real estate and how to get into the market. I think my biggest initial hurdles will be knowing what pr...