Randy (RL) Williams
New to BP: New to the Great NorthWest!... again?
Hello BP!Since there is no way I can do conventional financing, I joined BP to learn more about creative financing, wholesaling and other types of investing that I can get into with very little cash and or assets.I do...
Joseph Ojea
Starting rental business
Hello guys! So I’m going to be buying my first 4 plex around February, in the Daytona Beach, FL area.
It’s my very first one, so I’m just kicking off my business.
I’m going to be going into this with one other part...
Tyra General
Auctions?
Hi All,
Has anyone used the auction method to sell properties? If so, please share your experiences.
Thanks and God Bless,
Tyra
Account Closed
Prepay mortgage on rental property with negative cash flow?
Hello everyoneI have my primary residence in NYC that for personal reasons I will need to convert to a rental, since I am moving out of state. I have done the calculations and I will come to a negative Cash Flow of ab...
Ashley Garner
prepayment penalty options - which is better?
Getting ready to buy a multifamily - loan will have a prepayment penalty - bank has offer me two options: 1- declining term option (5%, 4%, 3%, 2%, 1%, 0%). 2- treasury yield (basically it takes the rate you lock in ...
Cornelius Garland
Making the Perfect Hire Each Time for your Wholesaling Company based on Psychology
Let's get straight into it. I know wholesalers that have made hundreds of thousands of dollars in assignment fees, yet they are missing the important fundamentals of running a business. Most wholesalers are hustlers a...
Brian Warren
Adding bedrooms to a triplex. Permits? And resale headaches?
I have 2 almost identical triplex apartment buildings.Both have 2 very large framed / screened in from porches. Estimate 40’ x 14’ It would be very easy to turn half of each one of them into a 3rd bedroom and still ma...
Hans M.
Must I Run Credit/Background check on ALL applicants?
Newbie here. It's my first time screening tenants, and I'm wondering if it's okay to ask for background/credit reports for only the most qualified applicants, according to the information they filled out on my rental ...
Ashley Gamble
HELP! Sellers didn't disclose major issues - unrentable and requires massive repairs
We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose. M...
Daniel Tisdale
Buying a Rental Property that has negative cash flow in Austin
Hi,I have been presented with a very unique and rare opportunity to purchase the home right next door to me in a very hot neighborhood in Austin, TX. Because of this opportunity to potentially sell both lots to a deve...