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I want to increase the value of my primary home by doing some much-needed repairs. My wife and I want to sell this home, then downsize or owner-occupy a multi-family, and have additional cash for investing. We curre...
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I need help analyzing a creative finance deal:
here is the breakdown
425k ARV
350k Purchase price
100k down payment
75k rehab costs
Here are the terms: the homeowner is willing to carry 250k for 30 years princi...
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I read on a title company's website that the seller pays majority of the closing costs. I understand that this is the traditional way things go, but does it have to be done this way or can the buyer pay all closing co...
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I'm currently under contract for a 5 unit building and have hit a bit of a snag. One of the previous owners split the units into their own parcels, which classifies them as "condominiums". However, I am purchasing t...
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I just want to make sure I have everything correct:1) Pull list of from propstream for potential motivated sellers2) Market to said sellers (I'm planning to use ringless voicemail or postcard, no cold-calling unless a...
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Has anyone had a tenant declare chapter 7 bankruptcy before?
I had a former tenant that I was able to put out for not paying rent. I got a judgement for the past due rent and started a garnishment. She declared bank...
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Hey everyone! I'm pretty new to all of this so I figured I'd put my situation out there and see what others think. I have a house with about $40,000 in equity, I have $6000 left on a credit card that I'm paying off. I...
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Hello BP Community,I have recently removed the escrow accounts from our financed properties. That means I will be sitting on a bit more cash until I pay taxes and insurance every 6 months. That said, I could park this...
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I recently bought a duplex with a section 8 tenant in the upper unit. Their lease ends in February but they have been there for 14 years and would like to stay. Am I allowed to go in and make changes to the lease when...
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I've personally never executed a sandwich lease option...thanks in advance for the input.The story: Motivated landlord Asking $65k ARV $80k Renovation ? assume $0 to hold...property is in good condition 10-yr tenants ...