Luke Saglimbeni
Private lender practices
Is it normal to ask for origination fees before loan documents are concluded? A private lender approached me saying to pay a fee before documents are released and before closing. It seems like a scam. I told lender...
Ryan Steiner
Rehab Estimate Practice
I think one major barrier to us newbies is the fear of vastly misreading the rehab estimate, and getting in over budget and over our heads. Here is my request that I think would help lots of people by using real life ...
Gerald Turner
Best insurance practices
Hi BP My name is Gerald I’m a new investor can anyone tell me what are some good “standards” for insurance coverage for a small Multifamily fourplex. I was just trying to get a quote and was not sure what coverages we...
Samuel Liapis
Practicing Analyzing Deals
Hello All,I am trying to practice Analyzing deals and this deal seems pretty good. I will not be purchasing because I just want to practice right now. Can someone confirm if my numbers are correct?https://www.trulia.c...
Carlos Velez
Practice Analyzing deals
I am currently practicing Analyzing deals and I'm not sure if my math is correct, so is there any one in my local tristate area, that I can send potential deals too in trade knowledge and networking, I'm a rookie just...
Kevin Kaczmarek
Landlording Best Practices
I would love to hear from the BP community what they believe are best practices of being a landlord? We are in the process of updating our documentation and procedures, and I want to make sure we are not missing anyth...
Fredy F.
Wholesale practice scenario
Hey guys I wanted to share an example with everyone if its a "good deal" to wholesale to rehabbers.
3 bedroom 2.5 bath 1800 sq. ft 8800 sqft lot
Current Value: $200,000
LTV: about 72%
Homeowners owe about $80,000 o...
David A Lisowski
Deal Analysis - Practice
So I had this email pop up this morning and I thought I'd give it a shot at analyzing this deal.I don't know much about the area, and this was in an effort to practice making quick offers. Everything was sourced onlin...
Kameeka Shirle
Practicing Deal Analysis
Hello BP Central Florida!I am working on analyzing properties and would like some feedback on my numbers. I am currently looking in the Sanford area and evaluating mostly SFH with 2-3 bedrooms, 1-2 baths, <1500 sf ...
Jacob Hernandez
Preforeclosure best practices
Hello all I noticed a ton of preforeclosures in my area and want to look further Into pursuing one. Was wondering if anyone has any best practices on trying to negotiate a deal with home owner? Thank you in advance