Cameron Marmon
Investing in North Dallas C and D Class condo's
Hi everyone!I have been interested in some of the affordable C and D class condos in the North Dallas area. There are a few that I can purchase with cash and if priced right the numbers make sense for me.I have read s...
Shane Schaetzel
SS on New Construction property
Hi all,
Question is in regards to a property that is a potential short sale opportunity.
Property is roughly 85% finished. Original lender went belly up and is now serviced by another lender who has discontinued fun...
Leon Doucette
Insurance on uninhabitable homes
Hey BP,As mentioned in first property coming up post I am looking to BRRRR my first property. Don't want to jump the gun but I have struck and deal with home owner for vendor take back mortgage. My lawyer should ha...
Account Closed
Getting into Home to Estimate Repairs
I have an out of state owner that would like to give me written permission to see one of his homes. His brother lives in the home and has been uncooperative in selling (drama, etc). Is there anything I can present kno...
Kaye Branch
Need advise fast!!!
My husband and I just got started doing buy and holds. We currently have 1 rental property that is going well and we decided to move out of our home and use it as a rental because it would bring in significant cash fl...
Karen Margrave
How do YOU define Commercial Real Estate?
What is your definition of Commercial Real Estate? I know many on BP consider Multi Family to be commercial R.E. Others believe that it's any real estate used for "business" purposes, still others consider any propert...
Adam Brown
Buy-and-Hold Supplemental Income-projecting to next purchase
Greetings, and Happy Holidays to you all!I'm highly considering a property, selling for $350k, 100% occupied, $3k/month, i.e., 36k per year. Mortgage 2k/month.This is my first property, so I'm being lead by a guru (wh...
Bill Henley
Reciprocal loans by SDIRAs as work-around non-recourse loan rule
I have a traditional IRA, a leftover from a long-ago job, with about $50K in it. I would like to convert this IRA to a Self-Directed IRA, in order to use the capital to add to a program of rental real estate purchases...
Michael Rossi
How to spot a freak...
I've had two potential freaks apply for my rentals in just the past week. One was a guy that wanted to rent a place "immediately" (always a red flag) because he discovered "black mold" in a house he was buying and is...
Keith Agnello
Need clarity on this contract language
Hello BP,I just want to make sure I understand this clearly and any input would be great. In a wholesale contract it says:PRORATIONS:Real property taxes will be prorated based on the current year’s tax without allowan...