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Hello all, I've recently been turned onto the BP podcast and forums. I'm in love! All the recent podcasts about the mobile home parks has got me thinking about some cool ideas. I'm curious what you guys think about an...
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Has anyone experienced a lender treat you differently after reviewing your financials? I am working with this lender who was so friendly and helpful. I was fist trying to qualify for a conventional but since I can’t v...
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As regular readers of this site know there’s plenty of sentiment (and evidence) that we’re headed for some bad times, maybe even some truly TERRIBLE times.
I have two questions:
1) Are you worried and, if so, ho...
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So I just got off the phone with a Wholesaler (of 14 years, according to him), and asked about a property of interest. This property has been reduced $13K (interesting)...Here's the conversation:Me: Is this an assignm...
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I've underwritten around 30 deals so far, mostly in the Ohio market. I'd say that 85% of them have rents that are 10-15% under market. If the way to increase the selling value of a MFH is to increase NOI by increasi...
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I'm throwing a question out about how to get started in the infinite banking concept and the ability to leverage one of my properties to get started, does anyone have any experience in doing this? And the other quest...
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This Birmingham, Alabama property was put into service in September of 2014 and was the successful beta test to prove the concept of remote out-of-state investing. I acquired the property from a marketer that makes co...
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Warning - this may be a long post - I will try to section it off. I have an on/off relationship with RE as I've always been drawn to it and always screwed it up - and then listened to those in my life who told me tha...
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I just completed my first deal after years and years of taking no action. It's not a homerun, but it's my first and I'll take it. I bought a REO from the MLS with a partner. We were originally looking at cheaper con...
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Hello! First time posting, long time lurker.
Within the next 7 months, my partner and I are looking to purchase a duplex or triplex - with a 375k budget (on the high end). We plan on putting 10-20% down. We both wor...