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As an experienced real estate investor and now also a private lender, I often get asked the question: "If I am a newbie and lenders don't want to lend to newbies, how can I get money for my first deal?"
Looki...
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I love reading the Deal Diaries on BP so I thought I would write my own. Hopefully, it will help others learn from my experience and avoid the mistakes I make (I'm sure there will be plenty!)This will be my third rent...
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So I just got off the phone with a Wholesaler (of 14 years, according to him), and asked about a property of interest. This property has been reduced $13K (interesting)...Here's the conversation:Me: Is this an assignm...
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Hi all - I feel that we're about to see some major migration shifts coming from the expensive urban cities such as NY, Seattle, SF given the new work from home policies that is becoming permanent. It started with the ...
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I’ve just finished reading “The Color of Law” which is an eye opening look in to government sponsored segregation through housing policy. With section 8 being an actionable step in the right direction, why are some la...
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I'm dealing with a nightmare tenant! This tenant has been late with rent for the past several months (even later than my five day grace period). Rent was due on the 10th of this month and of course it was late. The fo...
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While teaching a class on parenting the other day, the subject of teaching your kids about money and investing came up. I posed to the group the question, “Which Investment gives you the best return?”1. Stock Market (...
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Good day BP!!! I am screening my 1st tenant and she seems good on paper ... so far. She's given me her pay stubs, ID, completed application and the app fee. I've verified her employment with HR. She's been with th...
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I am curious as to what fellow investors think about who is the most qualified to analyze comparable sales. I understand that Realtors and Appraisers are the ones with legitimate access to the MLS, but if you had ...
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We've all new to this game at some point. What was the biggest mistake you made when getting started? Did you discriminate against someone?Did you find your lease in the bottom of a Cracker Jack box?Did you let emotio...