Daniel E.
Borrower Fighting Foreclosure: Part 2 - Mediation Request
Borrower has now requested mediation. What should I expect with this?We have long been proponents of renegotiating the mortgage. But the delinquent property taxes are too high.Borrower's take-home pay is ~ $1,500 - $2...
Justin Greenwood
Understanding IRR Calculations in Frank Gallinelli's book
Hello Everyone,I've learned a lot from Frank Gallinelli's "What Every Real Estate Investor Needs to Know About Cash Flow," however, the Internal Rate of Return concept is still a little confusing to me.In this book th...
Walter Hodgson
GroundFloor - Equity Ownwership Offer
Hi, all. I'm an investor through Groundfloor.com, and things have been okay. No whiz-bang profits, but fairly steady growth. Not a ton or charge-offs like LendingClub.com seems to be plagued by. The biggest issue ...
Chris Pelletier
I think I found a winner!!
We found a 2 family property asking 115K. We will offer 85K and keep out fingers crossed he accepts. We have spoken to a contractor, for rehab. His estimate is 70K, that includes turning it into a 3 family and add...
Lorraine Pennington
Witholding Security Deposit due to Cigarette Smoking Damage?
Hi Everyone! I've got a situation that I believe I'm in the Right, however just got off the phone with the tenant and his anger and frustration has got me thinking twice. This is the deal. I bought the property 2 year...
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Intro: Future Investor Moving to Destin, FL
Greetings!
I'm currently serving on active duty in the Air Force at Whiteman AFB, MO (about 1 hour east of Kansas City). My enlistment ends in May, 2008, so I will be moving to the Destin, FL area at that time.
My f...
Ty Burns
Contractor Change Order
My General Contractor that I am using on one of my rehabs has just sent me a change order for $5500 over our initial budget. In addition to that, he is telling me that I have to pay the tile guy, the electrician, and ...
Nicholas Varner
Big Data in Real Estate
In today's post, I want to use experience I've had in two fields that I really love: databases and real estate. Specifically, with databases I want to go over new techniques using more data and varieties of data as it...
Christian Malesic
How to Research
...without leaving your office.
A fellow BP poster sent me this via email:
A quick question for you. In a post you mentioned that you can complete due dilligence on a property (minus the inspection) in about three h...
Michael Noto
Electric Heat in a Rental
Wanted to see what other landlords thought about this situation.
We are buying a distressed 3 family that has 3 apartments: 1 bedroom in the basement, and 2- 2 bedroom units.
The basement apartment has ...