Anh Truong
Help one of my house got ROBBED
I got robbed last week in one of my vacant houses. I was juggling three houses and forgot about checking on the other one. The house that got robbed is located in a sketchy neighborhood. I have a hard time trusting m...
Lizina Green
Seller Financing and Taxes
I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...
Pete T.
Thoughts on new windows and keypad door locks
2 seperate questions:-I have a building that my wife wants to put new windows in. The current windows are old but work perfectly fine. The units are all metered so I am trying to understand any advantages of adding ...
Alex Del
Tenant Remaining Post closing
Hi all, I am looking to go under contract for a property that has 2 units and needs some work to bring it up to speed with what the current market in the area offers. However, in the unit that needs the most work, th...
Matthew Crivelli
Your Private Mortgage Travels Far and Wide
Ever wonder why institutional lenders have hardline qualification's when it comes to, credit scores, cash on hand, property valuations and location?The Reason behind this is because once your loan is originated it get...
Keeya WangJones
Furnished Rentals vs Empty Rentals
Hi BP,
What are your thoughts in furnishing a unit in a college area? Ideal tenants are students or professor. I was thinking of getting basic IKEA furniture.
Typically, how much mark up for furnished unit?
If you...
Chad Shultz
4.26 Acre land deal with mobile and several exit strategies.
Investment Info:
Other wholesale investment.
Purchase price: $250,000
Sale price: $280,000
Wound up getting property under contract in a Land Trust. (Only a few states allow Land Trusts.) Land Trus...
Jonny Van Dyck
HELOC options for a rental property in Canada
Hey there,
I've been asking around to different banks, brokers, and credit unions in BC, Canada regarding HELOCs on rental properties and not getting great responses. I am looking to secure a HELOC on a mortgage fre...
Account Closed
Estimate on Selling Note?
Hi all-This is my first foray into selling a note - I have a waterfront lot in Burnet, TX and have an interested buyer who wants to seller finance. The terms are as follows:Purchase Price: $55,000Down Payment: $5,500N...
Jim Rivell
First Portfolio Acquisition with Occupied Properties
BP,
I'm working with a seller to buy his (4) single family units, all of which are occupied. This is a first for me and wanted to ask for advice. Anything specific I should be looking out for that isn't covered in th...