Clinton White
Seller wants earnest money before signing contract! What to do!!!
Im on the verge of my first wholesale deal and the only thing hindering me is the seller wants a 2k Earnest Money Deposit (which i don't have at the moment). Its a smoking hot deal but i don't want to bring a cash buy...
Michael Rossi
Guru Scam Words!
I've been around this business long enough to see just about every scammer out there. I've noticed that all of the scammers use certain words: Here's my list:
1. SECRET (the gurus have a secret alright. The secre...
Mike Eisenhut
Rent payment options....or not?
I currently own two rental properties and usually collected rent on a contact basis. Each time the tenet would call and say I have the rent when ever you ready to pick it up.
Now, on the Lakewood property this has b...
Joseph Ziemba
First time buying in a sellers market
Hello BP!I'm looking for advice on how to navigate a sellers market. Ideally I'm looking for properties to rent, but I've also opened my options to buying a house to live in(I currently rent). Long story short I suppo...
Kevin Schultz
Electronic rent collection?
What are people using to collect rent electronically these days?
Account Closed
Should I do this ?
PLAN: I need 20% down to get an investment property, right? But, what if I get an FHA loan with 3% down ( lets say it's 3k down ) but, I cant rent it yet, and I have no money to cover the payments ( lets say its 1000/...
Steve Ehrman
Qualifications for a C property tenant
We have units in the suburbs of Detroit. Lately the quality of tenant that we have had applying has been less than desired. We look for a 600 credit score, 3 X rent in income, no negative landlord reviews, etc. Our...
Sheldon Alex
Proof of Funds When Getting a Property
Hi Everyone,I recently talked to a broker I'm working with, and she mentioned that in order to put in a offer for a property, and going through the residential purchase agreement (or contract), you have to first show ...
Alexander Ramos
Airbnb Restricted Zoning
Hey guys had a question! I I am in the process of picking up my first rental listing to relist on airbnb. I am in the Midway area of Chicago. And there is a lot of restricted residential zoning near airport. I had an ...
Harry Metzinger
Rent / LO to Short Sale Owner. Is this legal? What to consider?
Hi BP, I am currently looking at a prospective investment property that is a short sale. When I asked the listing agent about the property, he said that the family who currently owns and lives in the house want to st...