Mindy Jensen
Please protect yourself from scams!
A friend who is not an investor is buying a house to live in. This is her first home purchase.She has had a less than stellar experience with her agent, her title company and her experience in general. At the last min...
Brendan M.
Flexible Tenant Selection Criteria?
I've got two vacancies coming up in the next two months and as of right now I don't have any formal written tenant screening criteria. My price range tends to attract a decent number of tenants with bad histories (cri...
Jerry Ferrell
Has anybody ever heard of Frank Walker? Says he is a private lender.
A guy named Frank Walker showed up in my Facebook messenger asking if I needed a loan to finance my deals. I said, not at the moment. He then asked me if I could text him my email address so he could send me his fund...
David Duron
Personal vs. project costs - investor's perspective
What rules or guidelines do you use regarding what you can bill back to the project. I'm trying to figure out certain expenses and should they be categorized as personal or charged back to the project. Subsequently, r...
Jose Matuk
Interesting story and (legal) question
A friend and I met this lady who wants to sell her property in a suburb of Denver, Co. Running the numbers it seems like a pretty good deal, my friend lives there and he could manage it as a rental. When we started di...
John Cole
Inaccurate Listing of Property Size
Here’s a situation we are dealing with. What has to happen in this case:
A listing states that a property has 2.5 acres. A buyer visits the property and decides to buy it. While under agreement, the buyer discovered ...
Travis L.
Florida land loan options?
Looking to purchase a lot for future use(cleared with power and water). Not sure what my options are, we currently have 4 mortgages 3 rentals 1 primary so if they look straight debt to income could be an issue. Rent...
Taylor Dalton
Apartment Deal Numbers
I have a 10 unit apartment complex that I am looking at and this would be my first time looking at a deal of this size. I have already started talking to the bank for financing and am working on syndicating the down p...
Silvia Barber
Applicant is relocating from out of state
I have only been a landlord for 7 years and am always learning something new. My biggest concern is looking for the red flags/scammers in dealing with potential applicants. A current situation I have now is someone wh...
Andrew Kennedy
Challenge to Pay Closing Costs While Abroad
Hey BP fam,I am under contract for my first investment property (Woot!). For closing costs/down payment, the title company says I can pay using only: 1.) wire transfer, or 2.) personal/cashier check, if provided 2 wee...