Hey BP Community, My rental portfolio is steadily growing (still pretty smalltime), I am up to about $20,000 in tenant deposits. Thus far the money just sits in an account, as its not my "free and clear" money.What do...
Hello, I am trying to close a deal on a property that is located in the USA, but the Seller is a German citizen, living in St. Leon-Rot Germany. Ideally, I think that the local German equivalent of a title company mi...
Is it possible to structure a deal where the seller contributes toward the down payment? For example, rental property purchase price is $30,000. Lender requires 20% down. Assuming the property appraises for $30,000...
Ok so I offered a property to a group of 3 younger female tenants whose landlord references were very good. I was upfront about everything in terms of pre-paid rents security deposit etc. I send them the deposit...
How does one account for seller concessions from the HUD-1? Is that amount subtracted from the basis, or is that money allocated proportionally to each item in the closing costs it covered?Also, if there is a Lender ...
Looking for some some input on my negotiation status. After my initial offer, the seller countered. I countered his counter, then he responded with a "best and final". How appropriate is it for me to respond with MY b...
It's impossible to get cashflow in Vancouver, but I found that there might be some old leasehold condos in DT Vancouver with cashflow.
Is there any pros and cons for buying a pre-paid leasehold?
What happens when ...
Anyone have success finding low cost cash out refi’s in Texas? My usual go-to institutions are quoting me around $6k to $7k in costs, which I don’t want to do in order to get $50k equity out...Any suggestions or leads...
There are a number of scammers posing as lenders or "capital providers". They ask for upfront fees like retention, due diligence fees and even prepaid interest. If you deal with anyone that ask for upfront fees, RUN! ...
[We have been landlords for 8+ years in TX, and for the last 5 we were also renters in CA. Where we live, it is more economical to rent than to own. So we know both sides of the transaction.]We are about to sign a new...