Noah Lomax
Title Company Requirments in Chicago for a Selling a Flip
Hey BP'ers,My partner and I are selling our first Flip in Chicago. We used a Fix/Flip loan to finance. The requirements to do so included in-person inspections before each draw, and a lien release after the final draw...
Michael Milillo
Brand new to the game. Ready to jump in and get that cash flow!
Hello, community! Brandon told me to introduce myself here, so if anybody cares about my story, here it is, LOL. My name is Michael Milillo and I stumbled across this forum when I read "The Book On Rental Property I...
Lokesh W.
Large Multi-units Wholesale: Using Buyer's Funds to Close?
I have buyer for a multi-unit who will pay cash for properties with a limit of $3MM. Other than double closing, is there any way, I can close using his funds. For larger amounts, even double closing itself can cost a ...
Leslie Schwab
1031 Proceeds from Sale of LLC into apartment building
Hello BP, I own 4 rental condos in a single member LLC and I’m interested in selling all the properties to an investor and 1031 exchanging the gain into a building I have under contract (to be held in a new LLC where ...
Tom Albares
Need some advice
I'm looking for a buy and hold rental property here in the Tucson area. But most of the SFHs that I find are either going to auction or have already been flipped. And once they flip, none of the rules of thumb work ...
Casey Culver
Hypothetical Nightmare Situation
Alrighty everybody, I’ve purchased my 4th property at foreclosure auction and I’ve run into the dreaded situation…the occupant won’t leave.I posted my 7 day notice to vacate (alabama), and I’m going to file a complain...
Tim DiCicco
highest and best offer?? How much would you offer?
I just heard back from an offer I submitted. Asking price was $65,000. I offered $65,000.The listing agent came back with this statement: "I wanted to advise everyone that there are multiple offers submitted on this p...
Kimar Abdul-Samad
seller makes last minute changes
Good morning everyone,I placed an offer to seller one day. The agent says they will consider offer and get back us the next day. Next day arrives and we are informed that there is now a renter moving in. There is s...
Sam Abe
Prospective tenant wants reason for declining them.
I was considering a tenant for my rental and asked them to fill an online credit check with MySmartMove. The system recommended one of the occupants as DECLINE and so I declined their application and now they want wri...
Moncy Samuel
Tenant scamming the system
I want to share our recent land lording experience.
Me and my partner acquired a quadplex and have decided to manage the tenants. For one of the empty unit, we have screened the tenant (background check came with no ...