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At what point do you come to believe a sloppy seller is being dishonest? The offering document was based on higher rents and lower expenses than the seller's tax returns or the current leases (now produced, mostly) w...
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I was wondering what method folks use to value their in-process partnerships on deals they're working on when they submit their PFS to lenders. Things have become quite complicated to account for lately with all o...
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What if I LEASE a home with the option to buy, does that allow me to bring in a tenant who i can then give the option to rent-to-own, even if i'm not the Owner?? I thought that because since i am basically a "tenant" ...
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Hi all, I have a cashflow question for you. I just purchased my first three units recently. I did the analysis beforehand taking into account the managment fee, vacancy, capex, repairs, mortgage, etc and it still came...
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Hello BP friends!I am planning to partner with a friend who will provide 20% of money for the downpayment, while I get conventional financing for the 80%. My question is: How do we legally structure the partnership to...
Exit strategy for 2-3 year bridge loan as down payment? The numbers below reflect my best estimate WITHOUT bridge loan paydown. Has anyone used a similar method, or can advise if this deal might be worth the risk?I'...
Considering selling a CA residential building lot, which is now maybe worth much more than I paid for it years ago.
I would be doing it via a 1031.
I'm not sure how to ask the question so pardon my stumbling here:
The...
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I know I'm not alone, so I'm going to ask:
Since there are so many opportunities out there (foreclosures, probate deals, raw land, etc), I'm wondering "where could I start?" I'm reflecting on a young entrepreneur wh...
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I have a home in decent shape. Seller is motivated and wants to sell by the end of the month. He has about $4.7k in property taxes, and he'll borrow money from a friend to pay the oldest tax to keep the property, but ...
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Just curious if anyone else has come across this.You meet some nice folks who want to rent from you. They seem normal, all other requirements are OK.Like any good landlord, you scan their social media. You find out th...