We just shook hands on a 6-plex deal-- owner financing-- 185K, 37K down at 3.9%, 30 year amortization, 10 year balloon. But he kept saying "land contract," and I didn't ask what he meant (face palm!!). When we got b...
Hi,So, I'm running my prospective tenant's credit and their were 13 accounts with the same information on it with different balance. The status are all the same, and reads "Paid or paying as agreed Payment deferred"....
What are some options for the homeowner when it comes to seller financing? My target is property tax delinquents but once word starts to spread hopefully I will receive other distressed offers as well, but just as com...
Hey everyone-
I signed a term sheet and app with a private lender. Then they ran my credit, which is in the high 700s. We are rolling! But the next morning the broker shoots me an email. It reads
"I am really sorr...
Hey BP!So I’m brand new to buy and hold real estate investing, and through an agreement with a close friend, I recently became able to move in with him and rent out my own home. I’ve screened dozens of tenants and lan...
Ok, so I am excited to start wholesaling and my wife is on board and supportive, but she's having a hard time understanding why sellers would agree to such steep discounts. For example, if a house is worth 100K fixed...
I pretty much have always used solo guys in rehabs thinking they had lower overhead so reasonable pricing and liking that I would get the same person each time. But I ha g have had some good experiences using la...
I have a rental property with a year lease. When tenant deposited the first payment they pay more than agreed because they are very happy with the unit. Should I do a new lease or an amendment whith the new amount? Th...
Sent out yellow letters. Had someone call and they agreed to sell for 89,000. I’m new to all this. What do I do next? From what I’ve read I need to get it under contract but I’m confused on how to do so if the owner l...
My husband and I tried to purchase a 2/1 SFH earlier this week from a flipper. It is in move-in condition, could be put on the rental market the moment we close, ties up very little of our funds, and fits our perform...