Ali Showkatian
Great deal on surface, but many questions
Hi everyone,I've been listening to the BP podcasts for a month now, watching videos, and reading forums. Love the content! First time posting.I've made a good connection with a lender who sent me a lead on a multi fam...
Elina Solaita
Who’s Earnest Money Is It?
I was notified on Thursday 5/23 that the bank had requested my FHA Case ID# 3 days prior to the 3 year mark since my short sale. That in turn led to the bank determining that they were not able to finance a home loan ...
Jerry Kisasonak
Tenant/Buyer never moved in and stopped paying... Do I still have to evict?
Ok, here's an odd situation: I did a rent to own on a home about 3 months ago. The tenant/buyer put $2,500 up as an option fee and has been paying rent of $500 a month for the past three months. He has always called m...
Corey Kenney
“Equitable Interest” and Life Insurance
The owner/instructor of where I did my coursework for my REL many years back said something that stuck with me and I wanted to get feedback and clarification or see what people feel about the situation. Here it goes, ...
Account Closed
Building callouses; having a think skin
Two recent discussions made me thing of the following. First, a definition.
callus |ˈkaləs| (also callous)
noun
a thickened and hardened part of the skin or soft tissue, esp. in an area that has been subjected to fri...
Tyler Ellis
Beginning Investor: Real Estate for the Shy
I have problem. At this time, I am acting as a sponge and am in the process of educating myself the basics of real estate investing. I have the principles and theory of it down in my head. I understand the strategies,...
Robert Willard
STR Newbie Introduction
Hello forum!! New guy here.I recently have started looking into doing a STR in the Nashville area. I live in Ohio but I find Nashville appealing for many reasons. This would be our first investment property and I a...
Ruben Reed
Should I purchase a rate lock?
Hello everyone. I need advice on rate locks. I have a suspicion that my lender is trying to get me to spend more money. I understand the purpose of rate locks but I don’t feel they’re always necessary. I’m due to clos...
Adam Schultz
First time HELOC question
I have my mortgage on my primary residence through PNC and reached out to them about opening up a HELOC. I’ve sent numerous emails with questions on if there are any inactivity fees, minimum draws, cancellation fees,...
Julian Diaz
Owner carry question
I found an interesting 3-plex that is requiring cash or owner carry. The owner carry options is interest only for a year with 25% down. My questions is how does this normally end after a year? Is there any contract...