Derek Robinson
Interesting situation, buyer about to lose $10k in earnest money
I've got a house under contract, I'm the seller. Buyers offered full price, $1,000 due diligence and $10k earnest money. It is supposed to close Monday, the 31st. We just found out Wednesday that their lender didn'...
Travis Washington
Analyzing this deal: $53K for $750 rent
Greetings BP,Currently have a property under contract that is a 3/1 on the skirts of an established town. Below are the numbers:-Price: $53K-Recently updated (before listing; turnkey property)-"Zestimate" at $57K-Sig...
Karen Polis
IRS liens on Tax Sale, Montgomery Co. PA
I'm looking at a property that's going up for tax sale and I see it has 2 open IRS liens on it. I know in other states, such as FL, the IRS has 120 days to redeem the property - they pay you back what you paid plus 6%...
Joe P.
Tenant Screening - What's Your Process?
Hi all - finally hit the ground running and closed on my second (first real investment property) property on Friday, and have been trying to get a tenant into one of the units (other unit is occupied) ASAP.Here is my ...
James Bartlett
Strategies for avoiding no show tenants for property showings?
This is a two part questionFirst, what is your best way to avoid waisting time waiting on a perspective tenant who doesn’t show up?Secondly, Is there a user friendly app or website that allows perspective tenants to s...
Nicholas Z.
What are the downsides of mortgage note investing?
I've been researching mortgage note investing, and from everything I've read, it seems like a great way to invest in real estate. However, I've not seen much about how mortgage note investing can go bad. According to ...
Cameron Riley
Do you Ever Feel “ Landlords guilt “ Evicting Someone?
Situation: My Tenant Stopped Paying and has violated my “ rent to own “ agreement. He is 20 days late, total violation, contract is now void. I have to evict as he said “ I do not have any funds to pay that rent “ - I...
Brian Adams
DTI too high because of Tax Return, not Cash Flow
Hello BPers,
I was hoping someone might have a recommendation for my financing problem.
I am a military investor who buys a house at each post I am stationed at. With a deployment, that has meant I am ...
Brian Gibbons
Article WSJ about Rent to Own
http://www.wsj.com/articles/rent-to-own-homes-make...Buy a property and do a lease purchase. Simple.
Account Closed
New Buyer to Austin
So, good evening. I am an new investor looking to buy in Austin (very excited). I have a number of questions that I am sure the locals can answer for me (my budget is $300k:-I hear so many people recommending to purch...