I have been doing hard money lending for a few years though hard money brokers which source and set up the loans for me to fund. I have not gone out and purchased any existing notes yet, I have just funded new loans...
Hey BP. Currently have an offer in on a property. The seller/owner is willing to do owner financing. Zillow has it for 200 + and the county has it listed as a multifamily. We have agreed to write up the contract for 1...
I keep reading news about how in a lot of cities, people are moving further out to lower costs since they can WFH. Furthermore, since Austin just defunded the police, what are everyone's thoughts about how safe it wil...
Good morning, Bigger Pockets! I'm just starting out in my REI journey and can't wait to get things rolling. I've always been interested in real estate, but the timing wasn't right until now, and I'm ready to go full...
Should I allow pets in a rental? Does this limit my rental pool? What are your thoughts?Being in the property management business I receive many questions regarding pets. It's about a 50/50 mix. 50 percent would l...
I’d like to share with you what we’re doing with our properties to mitigate COVID-19’s impact on our properties, with the hope that you can use some of these ideas and strategies on your own properties. If you have ad...
Hi all, I have a tenant who is really great. She just got notice that she's getting laid off from her job in December. She's not sure how the job search will go and might not be able to pay her rent in January. Does a...
We just finished negotiating the price and the seller has revealed at the last moment that there is an underground storage tank in the property. Our offer price did not take into consideration the cost of dealing wit...
A kid moved into my 6 bedroom house. After he moved in he tells me he has asthma and the other kids smoke in the house. I write a tough email to other tenants defending this kid and telling them no smoking AT ALL in h...
Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...