Now that I got your attention, let's talk about Short Sales and whether/when they are a good fit.First, some context:A Short Sale is when the NET proceeds from a Real Estate SALE will fall not cover the DEBTS secured...
How exciting, BP is coming up to 1,000,000 POSTS! What a fete for @Joshua Dorkin next to him, who has been here the longest? @Jon Holdman ? I just want to say CONGRATULATIONS to all of you that stuck it out in the ear...
Economic Update
(Monday, June 14, 2021)
For a period of time between 2018 and the beginning of 2020, the “Real House Price Index” (which calculates inflation in the Housing Sector) was falling, because Americans’ bu...
I have a few things that needed input from BP landlords on turning over a unit.SHOWING A UNIT WHILE STILL BEING OCCUPIEDThis is something I have never done I always waited till the unit is vacant and I have a chance t...
Hello Everyone,I just wanted to get any advice and insight as to whether this deal is something we should pass on or still try to see what the seller will do before close to address these issues. This a property that ...
I have a property that I have an acquisition and rehab loan that I am looking to finance out of and remove the lender. My initial ARV was in the $70k-$80k range which is acceptable to my previous lenders, and a 3rd pa...
HI all, just getting started, looking for first deal. I found a MHP locally FSBO, it is 34 units over 7 acres, city water, with septic tanks which owner claims to empty yearly. asking $800k, brings in $91k/year, accor...
I am looking to close on my first rental duplex in the austin area. Its slightly under the 1% (0.84%) rule from a rental income POV however one of the units has a long term disabled tenant and is in pretty bad shape. ...
I have been flipping houses for 3 years now under my LLC, but was wondering if I should start a new LLC specifically for my rental properties. How does everyone else structure their flips and rentals?
My tenant won't give me permission to show my house to potential buyers. I am marketing it for sale WITH the rental agreement. This was explained to her, that she does not need to leave the property and that the inv...