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I see that there are a million companies buying Land Contract notes. What is the standard percentage they pay? Based on the following, $30k note(balance) with 8% on a 10 year note.
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I've been to see an REO that's been sitting on the market (built in 1970). It's in reasonably decent shape but it does have aluminum wiring, which I would need to have replaced for insurance (and safety) reasons if I ...
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I'm a new member and would really appreciate everyone's feedback. I purchased a condo in 2010 for $155k. The property was a foreclosure. In 2005, the original owner purchased the condo for $305k, but foreclosed on th...
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Hey BP family, I recently purchased a property in Brooklyn New York. My neighbor recently brought it to my attention that my building is encroaching on his driveway by 6-12 feet. When I was in the process of purchasin...
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We have a tenant on Section 8 in Missouri. Single mother. She wants to add her son's pregnant girlfriend and, in fairness to her daughter, her boyfriend. "To help them get on their feet". (We are not here to couns...
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Earlier today I was served with legal
document regarding my home, I don't know much about the legal stuff,
but according to the Plaintiff (who I believe bought the tax lien from
the county), I own tax on my prop...
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I'm trying to be extra cautious incase something happens at my rental in which I would need more coverage. My friend put his rental in a LLC and he states it will cover him if there is a lawsuit etc. My realtor was r...
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Hey everyone,I'm a newbie living in upstate New York; I visited an accountant today to talk tax strategy. When I mentioned forming an LLC for asset segregation and protection, he said that an S Corp would be the way ...
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Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...