Rich Weese
Factoring for realtors/investors
I had a good visit with another BP member today brainstorming. It was suggested that there was a real opportunity to make some short term high rate loans. Realtors and investors ALWAYS have profits and commissions spe...
Amy Alexander
Invoices from prop management company
Hello, everyone. I own several rental properties in other areas, but this is my first time buying a rental in Alabama. In other states, it’s common practice for a property management company to upload invoices for all...
Tyler D.
How do RCV and ACV insurance policies work in this situation?
I'm In the process of insuring my first property. I found a company that is willing to do ACV (Actual Cash Value) or RCV (Replacement Cost Value) insurance and will give me quotes based on a calculator where I can inp...
Phil Petite
Need Some Help/Advice - Tenant in Place and Not Paying
Hi BP!One of the rentals that I own in Memphis, TN that I bought in early January had a Section 8 tenant already in place, the deal looked good on paper, but I forgot to ask for the rent ledger. It turns out that the ...
Odie Ayaga
1st Note, 1st Flip
About two months ago I bought my first note with a JV partner, a contract for deed for $12,250. After receiving the notification of change in servicer, the borrower called with a desire to stay and reinstate. They als...
Adam Juodis
Brandon Turner's Webinar
Hey BP. I signed up for Brandon turners webinar a few days ago, for this day at 7pm Central time. I got the text notification 50 mins prior. I click on the text link 20 mins prior- I am prompted the webinar has alread...
Diana Poch
Minnesota Sheriff Sale, Junior Lien Holder and Auction.com
We won a property on auction.com that was listed as the redemption period being over in August 2016 - well we won the rights to the sheriff's certificate. In actuality the redemption period expired in 2/2017 so aucti...
Larry Flanagan
Business structure?
I have been approached by a small-time industrial subcontractor who needs a money partner. He has contacts that will provide him with steady high paying corporate work. But they dont pay for about 30 to 60 days afte...
Thomas Harpole
Need help calculating profit for a Fix-Flip deal in Denver, CO!
Hi there,
My business partner (Jordan) and I need some help calculating the profit for our recent fix and flip in Denver, Colorado.
We, as a joint partnership, originally purchased the home for
$340,000. Jordan ...
Will Fraser
IS this rent Late or On Time?
This is a real situation I'm facing right now, and one I'm sure many of you have navigated excellently. What would you say and do here?