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Hello! Been listening to BP for awhile, and the gears are really turning at this point.
Background: 28, engaged, $150kish in joint gross income, and bought a home 3 years ago utilizing Indiana's down payment assista...
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Hey BP world. I have a smokin deal waiting for bank approval for short sale offer. All my ducks are in a row except proof of funds. I am getting private money to fund the acquisition but I am pitching this deal to a f...
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I have a potential property I want to fix and flip using a hard money loan at the following terms: 4 points, 15% interest rate, LTV 70%. Purchase Price $415,000 (Acquisition + Skin in the game )ARV $550,000Rehab $50,0...
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Due to rent control laws and the difficulty of buying a vacant multi-family I am considering buying a house zoned for a multi-family. The only way any multi-family in LA could fit the 50% rule is by building a multi-f...
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I'm considering allowing pets (dogs only) at one of our listings to beef up the bookings and increase revenue (I hope). I've always been anti pets because I've seen what they can do and have cleaned up quite a few bac...
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BPWhy is it so difficult to find a sponsor? What are sponsors looking for in a commercial deal? For an example, I’m looking to do my first commercial syndication deal but I need a sponsor. The deal is a 5 unit strip w...
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It is not part of my business plan and nor do I plan on doing it. That said, there must be someone out there making it a business out of renting to those with evictions. I am constantly seeing people on craigslist o...
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Hi, my first tenant decided to move out at the end of her lease. According to lease agreement I can bring prospective renters with a 24 hour notice. I asked her today to make showing on Saturday, (6 days in advance) ...
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Tenant, moved in, paid first month rent, paid second month, paid some of third, then stopped paying for two months. At the time I was still using a property manager and he kept saying he was going to work it out and...
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Hey all,I’m relatively young (30), and in the fortunate position of having the capital to afford a $1M - $1.5M mortgage. I live and work in LA, and I’d love to know: for those familiar with the market, what would you ...