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With all the recent posts about wholesalers, I thought I might ask what I should do on this one.My seller inherited a house that is currently occupied by a family member. He wants to sell to me but is OK if I assign i...
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There has been a lot of discussion on BP around rent to own, lease to own, etc. I have offered this type of deal on a few occasions, but it was never accepted. We all are big fans of the idea of, give me a big down ...
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I'm wondering if anyone has use the strategy of buying a note after the Lis Pendens has been filed? There's a couple of properties in the area that have enough equity and I'd love to try to rectify the loan, but if n...
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Very seldom have I seen page after page (1, 2, 3, and 4) of listings that have a listing status of Contingent or New. About 10% out of 60 houses under $190,000 in 27616 have an Active status. What is going on? From pu...
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The margins don’t make make sense anymore for me buying single families. Everyone is overpaying in my opinion. I want to buy the land and build 6-10 homes in a community. Anyone here looking to do the same thing?
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Hello everyone,
I need some advice. I have a rental with amazing tenants but it's time to raise the rent a little. We were thinking about $20-30. My question is how to convey this to the tenants without alienating th...
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We have a friend that has moved from Iowa to Texas but has a home that needs about $50k worth of work on it.She has very limited funds if any. I have agreed, if we can get a contract for this, to take over her mortgag...
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Hello BP! My wife and I will be closing on our very first property next week. It's a 4 plex in the New Orleans (Metairie/Old Jefferson) area that we will be Owner Occupying. Currently all 4 units are rented. 2 are on ...
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Hello All
I have a pretty good grasp on the BRRRR method and how it works (I think). The only thing I don't fully understand is the financing to purchase and rehab the property. I've called several banks and in gen...
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Question to all my fellow rental property owners who self manage. Why do you self manage Instead of finding a professional property management company? A- FeesB- ServiceC- Trust Please be descriptive if possible so I ...