Jane Irwin
Lending through IRA
We are recently retired, new to investing and belong to a local REI club. We have been approached by different individauls who want to borrow money. Specifically a loan of $25,000 at 8 percent and the borrower was l...
Emily And Eric Erickson
Investment criteria for Passive Income
When I speak to successful investors, the number one rule for all of them, in fact, its paramount, is SAFETY. Everyone has either had a time when their own money wasn't safe or they know of someone who lost it all. I ...
Alexander Wehrmann
Convert my home to a rental and sell equity
Hi BP CommunityI am moving and would like to keep my current house and convert it to a rental; however, I need to pull some equity out of the house for the down payment on my new house. The home is worth $1.3mm today,...
Forest K.
Purchasing building, long-term tenant has no lease
I'm about to take ownership of a four-unit property in Massachusetts with my partner. Neither the owner nor tenant have a copy of one tenant's lease. They do have signed confirmation of the tenant's security deposit a...
Lisette S.
Loaning money from self directed ira
Not sure if this is the forum to ask, but where could I find information on loaning money to investors for say rehab loans? I don't want to loan for more than 9 months. I have about 30K to invest. I recently funded ...
Sara Wylder
Foreclosure Auction Scenarios
Hi all —
Curious if there are any scenarios where you can loose money at a foreclosure auction.
Say you are the highest bidder and you win the auction - are there any ways that you can still loose the property after...
Christos Philippou
Insurance on Bare Bones House - Previous Vandalism
Hey all!I am closing on my second property next week and insanely excited! The building itself is bare bones, just has the foundation, studs, etc.. minimal flooring, no walls or anything, so we get to build it ground ...
Neil G.
Converting to STR - LLC & Insurance (Mortgage Implications)
I purchased my first property under my personal name and secured a mortgage as a "second home", but the plan was really to rent it out as a STR. My mortgage broker told me to simply get the "second home" insurance pol...
Mark Ainley
Has Any One Started Using Surety Bonds Vs Sec Deposit/Move in fee
Morning All, Our property management company has been looking into collecting Surety Bonds vs Sec Deposits or Non Refundable Move in Fees(Chicago) and wondering if anyone can share their experience. For our operation...
Eli Kallison
Analysis of Performing Notes
Hey BP,I’m looking to purchase my first performing note. While there are plenty of resources related to non-performing notes, I’m having trouble finding anything that can give me guidance on 1st position performing no...