Tammy Spearman
Purchased a HOA foreclosue, now what?
We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...
Mark S.
preREO - First Mortgage Secured by Vacant Property
As an investor in a couple of Jorge Newberry’s note funds, I came across one of his newer ventures: preREO. I’ve heard him speak briefly about this on a podcast or two and am signed up to attend a webinar with them l...
Engelo Rumora
How much profit should you make on your first flip?
I know when you first get started investing in real estate, money is always a tough situation. You never want to lose money when you're buying and flipping a house. When flipping a house you should make as much profit...
Trevor Davis
You are 22 years old with 250k. How would you invest it?
I have this question because I have played in the NFL for 6 years now, and I have had many of my teammates ask me how they should invest some of their money once they find out that own multiple properties. Many of the...
Gunnar F.
Neighbor Purportedly Suing Me for Tenant's Barking Dog/Parties
The neighbor who lives next to my rental home has threatened to sue me because he alleges my tenant has not responded adequately to his requests that she quiet or remove her barking dog. He also complains that she hol...
Cody DeLong
Inherting Smoking Tenants and No Security Deposit
Long story short I’m purchasing an 11 unit that currently are all month to month with no security deposits. The current landlord is giving me a great price (cash flows $1400 a month after all expenses, prop mgmt,and %...
Ryan Beasley
Commercial Retail Vs. Warehouse. Which is better to list as?
I have a seller that I've been back in forth with about listing their property for about a week or two now. She owns a retail/warehouse building and is adamant about listing it as a warehouse and NOT retail.
Why is t...
Chad Clanton
Theft/loss responsibility during renovation, owner of or contractor?
Good afternoon BP, I've got a question for you all and would appreciate input from both the investor and contractor perspectives, particularly those in and around San Antonio. If something were to be stolen during the...
Jeff B.
Detroit City on Dateline April 18
Just happened to watch Dateline Sunday night and they did a great piece on Detroit. A recap Detroit economy is going through some of its toughest times. There are rows of vacant, damaged houses with nearly vacant ne...
Lloyd Segal
Economic Update (June 22, 2020)
Economic Update
(Monday, June 22, 2020)
The recession that started in March was the sharpest downturn since the Great Depression. As it turns out, it may also be the shortest. This doesn't mean our economy is ...