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Broke buyer gets crazy: Home sold on land contract needs repairs
I have a house that I sold on a land contract. So I created a note and there is an underlying mortgage. Now a few years later the sellers are saying that the house needs a new AC unit ASAP. They don't have money fo...
Caleb Zuniga
Selling Partial Land Contracts
I have several land contracts secured by vacant land throughout Arizona that have an average value of 6-10k and at a interest rate of ~10%. I did not pull credit when creating these land contracts and service them ...
Kim Handelman
Wholesaling idea. Anyone done this???
Hi All, I am a fairly newbie. I've got one wholesale deal under my belt. I'm on my 4th DM campaign and I'm beginning to see a pattern. I target absentee owners. As I've crunched the numbers on possible deals I've real...
Bo A Vanecko
Insurance vs Deposit on STRs? how to collect replacement fees
So i was speaking to some people who are doing STR in our complex and they were stating that they offer up insurance or deposit (they actually ask for 1500 deposit which seems high). this got me thinking a bit about ...
Matthew Lee
Advice on petitioning increased HOA fees
Advice on creating a petition for reducing HOA fees? Fee went up 7.2% ($555 to $595) and it's hard to justify the spike. Our HOA fee and % increase YoY is significantly high compared to neighboring communities, which ...
Doina Lechanu
How do I sell my condo without HOA
I bought my condo cheap. It was a foreclosure and I paid cash. There was no HOA fees. However my closing documents showed an active HOA. I was not present at the closing but gave a power of attorney to my agent/lawyer...
Story Moller
Termites: Deal-killer or not?
Hey guys, This is my first post on BP. I am a new investor in Mississippi and am in the process of the closing my second deal. During the inspection period we discovered termite damage in two of the rooms. My contrac...
Roc P.
Lease\option vs Sub2 then selling property
Hello everyone, I've been researching the site about the lease options and sub2 deals, and I'm little confused since this is not my forte. I have a prospective lead, a house with no equity, I want to tie it up and the...
Matt Hunziker
Contract for deed and equity
HI I bought a house using contract for deed with the intention of flipping it. I put 5k down owe 30. It's worth 80 as is. My credit is poor 530. Lenders I have talked to say I don't own it don't understand how that...
Christopher Nemlich
Leveraging Intelligently (Positive v. Negative)
Reading J Scott's post here got me thinking a bit deeper about when and when not to leverage.
It's particularly relevant to me currently as I am currently self employed, so stuck with interest rates in the 6.1-6.6% ...