Bruce L.
Myth No. 2: A penny saved is a penny earned
So, I was browsing the Internet and found this article on Bankrate and since I know there are some wealthy BPers on this forum, I thought I would ask what your opinions are. I'm a saving and a believer of a pen...
Angelo Revercomb
Should I create an LLC before beginning my journey?
I was scrolling the internet and ran across some articles about how some people feel it is important to set up an LLC before beginning a real estate journey. I wanted to get some other thoughts on this!1) Do you think...
Mike G.
Private money lending and CA usury law
As a rehabber, I'm willing to borrow money at more than the usury-limited rate of 10% (I live in California). I have seen posts in the past indicating that private money can be loaned at higher interest rates if the b...
Justin Goodin
10 years ago people said this about real estate
10 years ago people said:
"There's no good deals out there."
2024: "There's no good deals out there."
My prediction for what people will say 10 years from now:
"There's no good deals out there."
Great deals are t...
Account Closed
What materials to include in packet for private lenders?
So I'm trying to raise private money and have been looking at what other investors/friends in my area have been including in their info packets to private lenders and wanted to get more input if you have experience...
Alan McCraney
Owner financing question
I am looking at purchasing a duplex for 100k. The seller is an older man and wants to do owner financing so that it will continue to give him income from the property and he will make a profit from it. However, the se...
Ron Kelley
Best way to deal with an Underwater Mortgage
Hello everyone,
I am new to BP and the world of note investing, I've read loads of postings here on BP (which is just mind blowing the level of knowledge/experience) and have loads more to go which just wets ...
Terri Mccullough
Nightmare tenant
I need advice or someone to talk me off the edge of the cliff. My tenant had been one month behind in rent since August of 2014. I realize this is my fault for renting with a heart instead of a business purpose and ...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and priva...
Stevie Delacruz
Investing too young?
Hey everyone! I’ve recently been stumped on this specific concept and hoping to get a few pointers from some successors. I absolutely love the idea of buy and hold real estate investment properties but I am a 19 year ...