Chase Gibson
Owner Financing - Ethics Question
I have an ethical question related to making an owner financing offer. Here is the offer I am considering making with theoretical numbers to get everyone's feedback on:The owner would like to sell the property for $1...
Jay Koch
Owner Financing: Three Ways to Structure a Wrapped Contract
When a seller carries a note on a property, and there is an existing mortgage the parties have entered into a transaction referred to as "wrapping" the existing mortgage. The buyer agrees to pay the seller in monthly ...
Frank Adams
Taking one back in TX
Wow, it's been a year since I was on BP, good to be back. I've been enjoying my retirement in CO but haven't found any deals here, but I have a chance to get one of my flips in TX back, if I want it. Here's the scenar...
Ian Kisbert
Using private money
I am planning to use private money (close friends and family) to help fund the rehab portion and some of the purchase of a BRRRR. To transfer funds, is it as easy as signing an agreement with them, then they wire fund...
Tiger M.
2nd NPN risk mitigation attorney response
I thought the comments from a prominent note attorney may be helpful to folks watching the NPN niche. I see BP comments coming in from all sorts of folks with their varied opinions, influences and comments on these fo...
Bienes Raices
Comingling funds and LLC
Not asking for or expecting legal advice here, but I thought someone might know the answer to this.
If I create a new LLC to hold a property, I assume it might take some time to establish a credit card for business e...
Edward Barrett
LLC Best Practice
For those using a LLC to acquire fix-and-flips, wholesale, or deals you don't anticipate holding long term:Are you utilizing your home address or a virtual business address?Are you representing yourself as a Registere...
Joshua Dorkin
The BP Politics and Common Purpose Manifesto
2011 has been off to a chaotic start on the BP forums, as there has been a LOT of infighting, bickering, whining, and battling - especially centered around our political forums.
In the 6 years that I've been running ...
Ryan R.
Owner Finance to Bank Refinance
How do banks recognize owner finance?
Here is what I want to do.
Owner Finance with zero down.
Rehab the property and put tenants in place. 2-3 months
Refi the property through a conventional 30 year loan.
Will a ...
Christine Swaidan
Coretec Plus floor
I saw two mentions of this product on the forums and was looking for more feedback. This is for a house and I want to do the main floor using all the same product--even kitchen. Currently there is original tile from w...