Mike Plitsch
First successful flip...what next?
Hello all,
My name is Mike and I am new to BP but wanted to get opinions from some of the more seasoned investors out there. My wife and I have been getting involved with real estate for a little over a year ...
Kevin Hart
4 tips for new or aspiring investors
As an investor and real estate agent in Louisville, KY, I work with a ton of new or aspiring investors. New investors and out of state investors tend to be my bread and butter. I have personally done over 100 deals in...
Roc P.
Rentals in bad areas
I was wondering what was everyone thoughts about rental properties in dilapidated areas was. Is it worth having all the numbers work out, i.e. 2% rule and house bought @ 70% of value etc., vs. the appreciation of the...
Account Closed
Has anyone ever had to sue for specific performance when a seller won't sell?!
I have a signed contract to purchase a property to fix and flip. The first week under contract the seller asks if I will pay $6,000 now and take it off the closing price to help get the tenants out of the property by ...
Craig Sparling
Chicago vs the world: Forgone opportunities?
I've been investing in Chicago for almost 15 years. I've been incredibly lucky with tenants, turnover, properties, appreciation, connections etc.That said I do occasionally find myself wondering, what if....If I had ...
Issac Lee
Troubles with couple on a lease
Hi BP community! This is my first post and would appreciate your help in dealing with my current tenants. I rented a SFH to a couple that just got engaged. Rent is $2000+/month. At that time, I only screened the male ...
Matthew Greco
Using 401k for a down payment
Hey BPIt seem like an eternity ago I did this for my first primary home.After a break up with the GF, the plans to buy multi family have come to a halt and I need to move out.I'm looking mostly at co-ops and condos th...
Fausto Carosella
Version of FICO score
Hey Lender Friends,
Do you specifically know which version of the FICO score you use for qualification? — i.e. FICO score 5, FICO score 8 etc. — Is it typical for a lender to know or not know which one they use?
Sam Sagor
I would like to leverage a property - request some insight
The quick of it is family has agreed to take a loan to get us into a house... I'm looking to loan 100k-200k and the owner is open to carrying the rest of 400K. What we have to work with is a beachfront property in Haw...
Kris Johnson
Selling a Business, What’s next?
Hello! My wife and I are planning to have our business sold in the next month or so. We have built this business up over that last 14 years. The proceeds from the sale are what we will use to begin our journey in real...