Sam A.
Personal loan vs. Conventional mortgage
I am looking to buy my first rental property within the next couple weeks. I have found a 2bd/1ba originally listed at 38,900 that dropped to 30,900. It needs about 8k to rehab. I thought about offering 25k and on my ...
Aric Yuji Harris
How to do a Condo Property Regime in Petaluma, CA?
Hello, I'm looking to sell a home with a detached converted carriage house but due to family issues, the converted carriage house cannot be sold. I looked into subdividing the lot as well as implementing a life estat...
Jason Eberhardt
P&L and Balance Sheet help
Hello BP family.My flipping business and rental business have taken off really fast over the last year, to the point we have to hire a good accountant and he is asking us to put together a P&L for the year and al...
Rocky Li
Question about "subject to"
If I buy a property subject to the existing loan and later on stop the payment, whose credit will be damaged if the bank comes in and foreclose the property?
Thanks,
Rocky
Adam Demchik
Negotiating with seller of probate house
I'm meeting with a seller to view their house which was just passed on to them. (I will be looking to rehab it) I already have a good idea of ARV and during the walk through I will be able to quickly come up with a r...
Anup Jung Karki
Run comps for a house/ ARV
Good Afternoon,I have a two story 3bed 2bath 1962 built house under contract for 295k in Irving, Tx. The house needs significant work i.e. Foundation is off by 5 inches, Replace whole plumbling & redo bathrooms, L...
Matt Vandeleest
Out of State Markets and Buying
Good afternoon,So I am starting out, my business partner and I just launch our company. We living in Rhode Island and the market has slim pickings, there are currently 8 multi families for sale in the whole state. MF'...
David Flanders
How to Buy Where Owner Doesn't Have Enough Equity
Good afternoon. The question here is: how do I buy a house under the following circumstances? Owner has a reverse mortgage of $190k. House is worth about $250-260k after rehab. That ARV isn't high enough to suppo...
Antonie E Fields
Hard money or Private money
Good afternoon BP family, I have a question about hard money? Has anyone dealt with these types of loans and what was the fees for the acquisition and how much were the fees for the rehab if they financed the rehab as...
John K.
What was your most awkward negotiation? What was the outcome?
We all have probably had a negotiation that tested the very core of your patience, but knew you couldn't cave in. I had the great opportunity over the weekend to meet Mr. Jacobs. What started with a simple cold call, ...