Shawn West
Thoughts on current LC and new Dodd Frank law
OK I know the Dodd Frank law has been discussed many times and I'm not necessarily asking about particulars on the law. My question is for anyone understanding it much better than I or others possibly in my situation....
Brice Burns
Partner gave his demands and they were met. Won't sign dissolve.
"Partner" recently left our partnership the beginning of this month. Sent me an email with his "Buy-out", stating that all he wanted was 50% of the cash in business account. I agreed to the terms. Partner took his 50%...
Jon A.
Looking for lender recommendations
We own a duplex with a DSCR of 1.5 (from what I understand) and about 60% equity. When the pandemic hit we took out an equity line and I pulled all the cash out and put into a savings account out of fear that they wou...
Shari Posey
Help me choose among these tenants--all bad
Wow, the economy must really suck because for the first time ever, every applicant has major problems. We have 3 applicants all with different problems. Our rent is $1095 and tenant pays all utilities of about $130/mo...
Adriana L.
Sheriff Sales
Hi everyone,I plan to attend a sheriff sale, in the coming weeks in some of the NJ counties. I have heard many stories such it rigged, or it's high risk if you have not done proper research before hand. I want to see ...
Jared Baker
Seeing Property Before placing an offer?
Hello BP.I have recently began my journey into buying my first property. I have my financing in order and now it is time to start running numbers and making offers. I've heard people say that you shouldn't get emoti...
Kenny Lewis
Double Closing...step by step...help
Hello BP,I am educating myself to become a wholesaler. I know the basics of it but I would like to know a more step by step explanation on double closing. What all is needed from start to finish. I get the basic premi...
Shawn Coverdell
why am I spending time on quickbooks?
OK, this sounds like a silly question but I really want to know if this is necessary and why. We have 19 accuired 19 doors using the BRRRR method mostly. 4 duplexes and the rest are SFH's. Wife has spend many MANY hou...
Zachery Hitchcox
When to put a loan application in
Hello everyone!I currently have 2 properties, but those were financed as a primary home many years ago. I'm beginning my investment property journey and I had a possibly simple question regarding "order of events". Wh...
P.J. Hankins
So I gotta know...
For the most part I'm venting here, but I'd love to know how many of you who are years into this and running a successful REI business for your selves, A) at the beginning felt like throwing your hands into the air, a...