Greg Lovern
Homeowner in foreclosure wants loan to cover reinstatement amt
A homeowner is in foreclosure, with an auction date Friday Feb 8th. I offered to buy the home sub2 for the reinstatement amount, resell, and split the profit, with most of the profit going to him.I haven't found an es...
David Tower
Need help on this deal
This sounds like a purchase and then a lease option but I'm not exactly sure. I plan on bringing in a local expert but want to get BP's take on it.
Here's the details
owner needs to sell. lets say it's for 100-110k
...
Katharine Chartrand
forged check
Someone working on one of my rehabs somehow got a blank check of mine, forged my signature and either gave it to a friend who cashed it for $800, or cashed it with false identification.
It was cashed on Frida...
Niki C.
Should I post 3 day notice?
Hi BP family,I'm a new landlord and my very first tenant is having problem right now. They've been living in my condo starting this Sep, paid on time on Sep, late on Oct (reason given : somebody stole their money from...
Shawn Crawley
Wholesaling & Owner financing
I have a few deals where owners are willing to finance. How can a wholesaling approach these situations? I'm not in a situation where I can buy these properties myself
Ricardo Olea
What to do with money from first deal???
Ok, so first I want to say I'm not counting my chickens until they hatch, however, as this deal gets closer to closing I am left wondering what I should do with the money. 50K profit on my first wholesale deal that I ...
Eric Metz
Is This A Deal? Possible Lease Option
Good day BP community. I am venturing into a little bit of uncharted territory with a lead that came across my desk today and wanted to ask for the advice and wisdom of others. I've done a few wholesale deals, and som...
April Crossley
Elderly Owner wants to stay in Multifamily purchase
Looking for some creative solutions. I looked at a 3 unit that is currently owner occupied by an elderly woman on the first floor. I made her an offer and she liked it but she asked me to make her another offer as if ...
Oren K.
Low appraisal vs NOI
So what do you do when the appraisal does not come close to value? Am I becoming yet another unrealistic owner :).I have a 39 unit property that I have remodeled and re-rented. It has pros and cons;Pros - Occupancy is...
Andre Davis
My Son's baby sitter has a multi million dollar property for sale!!!
I know they were trying to sell this property over 10 years ago (my son is 13 now). I think a MLO is the way to go but I'm not sure. The area is a A-B neighborhood, based on a 10 cap the price seems reasonable (comes ...