Over the years, I have seen a handful of scenarios where Wholesalers have reached out to a Transactional Lender to fund their double closing. Some wholesalers use a transactional lender on every deal regardless of the...
Does it really matter the age of the property or as long as it's in a good location, up-2-date (ie roof, flooring, kitchen/baths, HVAC) and rentable? This would be for buy-n-hold investments.Up to now I never really t...
Hi all, I'm currently working with a realtor to buy my first rental property. Based on the suggestions in many of the BP books, I thought I'd try sending out some targeted letters of interest to people who might be i...
Hi. I just purchased a 4 unit in Rhode Island. I have an insurance walk through in a few days. Any suggestions how to help the tenants get ready. 2nd question any reading recommendations on general tenant issues.
I just started my first rehab using a 203k/streamline loan. After 30 days of excuses why contractor can’t start, no clear schedule, minimal communication and ultimately minimal results, I fired him. Currently I pai...
I am new to investing and I have been able to secure financing for my first deal. The problem I am having is my agent cannot handle the volume of offers that I tell him to make. Should I become my own agent? is there ...
I have a house listed and the selling agent brought a client to the house, who ended up not being interested. However, the selling agent herself became interested and we ended up accepting an FHA loan offer from her t...
I'm furious... we're in escrow (B of A REO property). We agreed to allow seller to select escrow/title services. We are having SERIOUS escrow problems. The escrow officer has NEVER returned a phone call or email an...
Hey Guys,
I recently bought a new rental property and am in the process of rehabbing it to rent it. Generally, I buy the lowest cost of whatever-it-is that I am replacing so long as it is durable. However, As I go th...
BP Community,I recently did my first private money deal (as a lender). The borrower is someone I know personally, and we intend to do additional deals together in the future. We stumbled through this first one togethe...