Patrick Philip
Does it make sense to stay with wholesaling permanently?
Many people want to use wholesaling as a stepping stone onto "larger" things like rehabs and SFH rentals or commercial rentals.I have heard that an average rehab profits $18,000 and takes 4 months. That is $4,500/mont...
Jay Hinrichs
Wholesaling and the equitable interest theory
I just completed my CE for my mortgage bankers license here in Oregon today.what I found interesting and wanted to share is there was a module on license requirements as it relates to selling real estate.State of Oreg...
Kenton C.
If tenant is not re-signing lease, when do you start showing?
Hi All,My first tenant in my first ever rental is nearing the end of their 1st year lease. I currently have a PM in place, and their procedures are to ask the tenant 30 days prior to end of lease if they would like to...
Edward Adams
Redemption period law in Texas, do i get the mortgag pay off if t
i just bought a house in HOA foreclosure and it has a first lien mortgage on it, if i pay off the mortgage and previous owner claim the house in redemption period does he have to give me back the mortgage pay off amou...
Bienes Raices
When to start using a CPA?
My lawyer recommended talking to a CPA about my rental properties. I've never used one before (I've done the itemized deductions by myself once--last year, with Turbo Tax--for my rentals).
Do you typically have the ...
Sunny Burns
Tenant wants Vanity Upgrade - Should I go in 50/50?
So my tenant has been asking about upgrading the vanity in her unit. The current Vanity is a small 24" vanity, it's not in bad shape, but I agreed a 30" vanity would be nicer in that space. So far I've told her I migh...
Scott Ficek
How do you find the REO Asset Manager
Even though this is a realtor question, I am hoping this forum can maybe shed some thoughts on this topic.
In the Minneapolis/St. Paul, there are about 5 Realtors that have 90% of all the REO listings. They develope...
Matt Nelson
Presidential race, 2008
Any thoughts?
I am for Ron Paul...
He strikes me as the only honest guy up there, on either side.
Any other thoughts?
Grant Pope
HUD Accepts my offer and then takes it away
Hello BP,I have a scenario that just happened to me that has left me absolutely sick and I am looking for some advice.So I found a property that was a HUD owned property and was a really good deal. The asking price wa...
Cameron C.
Buying My First Rental (that I live in!)
Hey BP,I'm looking for some advice and/or for you to poke holes in my current situation. Let me preface this with the caveat that I know I would like to move elsewhere (maybe outside of Pittsburgh even) within the ne...