Richard Clark
Newbie Questions about Proof of Funds
When a wholesaler puts a property under funds, do they have to have proof of funds? How can they if they don’t know who from their buyer’s list (if anyone) will purchase the property. (If I had the funds, I’d just buy...
Jay Hinrichs
how to handle multi offer situation when you really want it
I posted earlier this week about a lot that came up in Charleston.. my realtor ( who is awesome) e mails me at a little at 10pm her time.. new lot on a little street I have already built two homes on and have been wil...
Mindy Jensen
Att: Traditional Lenders - Question About Due On Sale Clause
I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property pu...
Account Closed
Reality Check: 20% discounts, 10% appreciation, 2% cash flow?
I am new here, and along with the Bigger Pockets guides, I recently read Brandon Turner's "7 Years to 7 Figures." That piece lays out 3 fundamental principles: get a good deal when you buy (20% discount), appreciate ...
Katrina P.
How do you avoid so many credit inquiries?
I am in the process of loan shopping. Can anyone tell me if it's possible to avoid so many credit inquiries when loan shopping, or just purchasing period? If I'm buying 5-6 houses per year, that could be very ugly o...
Andy W.
Choosing a screening provider: SmartMove vs. Cozy vs. ?
I want to run background & credit checks on potential tenants, and I'm trying to choose between Transunion's SmartMove vs. Cozy's Tenant Screening.I expect many here are partial to SM as they appear to have been a...
Tim B
Getting around the 90 day seasoning rule
Purchased a fixer and someone offered me $15,000 more to buy it as is. Since I just closed on the property - how can we get around FHA's 90 day seasoning requirement.
I just did this on another property - bought an...
Meryl McElwain
So-anyone still paying rent?
So I'm in Chicago. Two six flats. 8/12 tenants now not paying rent. I've been talking to other landlords and it's the same story. I have two buddies with 60 units between them. They're are mostly 1 bedrooms. Rent is u...
Bob Romano
Tenant always late, what to do?
My tenant has been in since Nov 2018. Out of the 4 months, he has been 15 days late for 3 months. My lease states rent is due on the 1st. It is late as of the 5th and there is a $50 late fee as of the 5th. He consiste...
Chris Eley
First Flip in Phoenix Arizona!
Hey BP! I just wanted to share my experience on my first flip in Phoenix, AZ! When I say this is my first flip, this isn't counting the previous live-in flips that I had previously done (which was fantastic for lear...