Ok, so I quit the cube July 31st, and then the kids were getting ready to go back to school in two weeks, so my wife wanted me to wait to get started investing (wholesaling), so I put it off until they went back to sc...
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...
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 ...
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...
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...
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...
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...
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...
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...
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 ...