I heard in a Podcast recently that one of the first things to check when underwriting a potential deal is that the average median income is twice that of the national average. At face value, this seems like a good met...
Good morning dear BP Community. I have a deal FSBO, the seller sent me a contract that have several questionable moments. Since I am not experienced at all I decided I need a lawyer who can review it with me. Question...
Hello, We put our For Rent Sign in the window and we have about 5 calls within 4 days. Unfortunately, the person who was to help me has been pulled away and I am in need of quick advice and/or guidance. I need help, ...
I am looking at partnering with a man who says that he can get me 25-120% returns on a flip. This seems way too high for my understanding and sounds a bit sketchy. For example, if I invest 10K in a deal, and my money ...
I have read the bill on lease options in TX and read what a lot (most) investors online say, which is that they are basically illegal. However one investor I work with here in South TX uses them all the time and says...
I have a prospective tenant that says they have accepted a new job that will allow them to meet the minimum standard set for monthly income, but they are waiting on the company to officially send the contract to be si...
When my wife and I have rented places for ourselves previously, we only ever payed a single application fee. However, the prevailing logic I've researched says that each person over the age of 18 living in the house n...
Hey everyone,I've got a commercial property, and a tenant is looking to sell his business, which would basically mean the business (a store) stays there, but is under a new owner. The lease is with the business entity...
I have sent out 50 letters last week. I am planning on sending out 50 more. However, the calls I have been getting have been "I do not have a house at that address, it is an empty lot".
Did I get the list wrong, or...
I'm currently in the middle of my first deal, which is exciting. Learning something new every day. Part way into the process we decided to not purchase the house using conventional financing but instead us a commerc...