Chris Nowlin
Buying a note...without a note
I was contacted by a seller because of one of my mailers. He has power of attorney for his mother and is needing to sell her house. To make a long story short (can expand if necessary), the property is legally owned b...
Mike Bicho
Foreclosure question
If bank is primary lender on a mortgage and forecloses and property also has a second line of credit securing the property as second in line, do those secondary obligations attach to the buyer of the property at a for...
Jose Mas Perez
Cpa real estate questions
Hello, I am a newbie looking to invest in my first rental property in 90 days.My question is what questions should I ask my current cpa to see if they are familiar / comfortable giving real estate tax advice? I don't ...
Eric Bowlin
50%/2% rules do not lead to wealth?
I joined BP not long ago and learned about the 50% rule and 2% rule. Perhaps I don't understand these rules completely?.. Intrigued I sat down today to crunch some numbers:Assumptions:Expenses = rent*.5 rent = .02 * v...
Matthew Haussmann
Bank indicates cash offers only
Hello Forums,
I am looking for some input or advice. I am looking at a deal in Pennsylvania. The property is REO, listing at $74,500. The ARV is $110,000 and the house needs a max $22,000 in repairs. ...
Matthew Poger
Denying someone during Phone-Interview Screening
Hello,I'm sure this is a common question, but I can't find a straight answer.In Brandon's 'Ultimate Guide' and elsewhere I find blanket statements like "I end the phone call".What I don't understand is that if during ...
Bryan Hancock
CC&R Law Privately Among Neighbors - Who Is "The Decider"
Background:
Subject property is in Texas.
We have a lot under contract with some CC&Rs from 1948 that were signed by a group of private land owners. The signatories appear to have owned land that was checker-...
Matthew Hagood
LLC and Brokers license OHIO
Hi There! I’m interested in partnering up with someone for real estate investing and have a couple questions. In Ohio it says to have a property management company you have to have a brokers license to manage propert...
Ed Kahle
Bandit Signs
I just started using bandit signs. Any suggestions of how many to use and how long to keep them up?Any suggestions of strategies using them?
K. White
Alabama Law - Sale Property with Existing Tenant
Hi All, Need help I want to sale my property and the lease expires July 2022. He is not a good tenant is frequently late. He hasn't paid rent for this month October yet. Got into and altercation with his girlfriend in...