Alexander Lang
LTV not met, refi still an option?
Hey BP fam!So I currently have a property that I have rented for almost two years now. Long story short, the lenders I have been speaking to only offer 70-75% LTV as to which my rental is not currently at. The idea wa...
Jon S.
Acct for deposit after broken lease
Background: Tenant broke 1 year lease, which would have ended Dec 9th. She had some late fees accruing and didn't pay October 10th rent, and let me know Oct 12 by text that she was breaking the lease but wanted to sta...
Collin Hays
Smokies State of the Union
Regardless of what the talking heads are saying, the U.S. is in a recession. I haven't seen a May this soft since the financial crisis. The calendars for our properties are filling up decently, but it is taking daily...
Account Closed
Tell me about your success with the USPS "every door direct mail" campaign
I mailed only 500 (appx.) postcards that cost me about $95.00 bucks to my target area and I signed 2 purchase contracts today. This program is awesome and is great if you know the areas you want to target. For the...
Austin Jones
Builder purposely slowing down progress to get out of contract
I'm trying really hard to not put on my tin foil hat, but here's the situation:We are under contract for a lake house in a VERY hot market (Lake Hartwell, SC/GA). Houses are listed, immediately a multiple offer situa...
JR T.
High Efficiency Toilets
I have a number of multifamily buildings that are 100+ years old and in the market where they're located I pay for the water. One three unit building is using $1,200 per quarter in water. I believe part of the issue i...
Jacob Lapp
Under Contract for 3rd Househack!
What’s up everyone!I haven’t been on the forum in a while and wanted to share my most recent deal we just got.A lot of experienced investors have been hesitant to buy in this hot market. And for someone looking to jus...
Rich Weese
investing in Vegas, Reno, Washington or Phoenix???
http://realestate.msn.com/slideshow.aspx?cp-documentid=23517536>1=35000#1
Rents are dropping to ridiculous levels and hard to make sense of overall investments from a rental standpoint. Don't count on rents IN...
N/A N/A
pre- foreclosure
Ok, so I found all the information that I was lookng for at the recorders office. One thing I am noticing is that almost all of the people that have a Notice of Default on their trust deed owe more than their house i...
Steven S.
Real Estate Opportunity... Am I Financially Stable Enough?
Hi all,
Tl;Dr: I'm recently graduated without much saved up. A 1/1 condo that's been in the market for a while drops to 100k with 350ish HOA, ~1350-1450 potential rental price. I'm about to be debt free, but don't ha...