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I'm selling a turn-key property package with great cashflow.Here's my question:I live in California but put title of ownership to all 5-properties under a local (Michigan) LLC which i established when i bought the pro...
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Back in 1985 when I wrote, 121 Real Estate T.I.P.S., seasoned investors use this technique quite regularly to quickly acquire property and build their portfolio of properties.
Creating paper (a mortgage and a...
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Any advice on acquiring a potential buy and hold in TN, listed at $70K, rehabbed and currently rented at $775/Mo. What are some potential creative ways to get the property without conventional loan?
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Today I went to do a drive-for-dollars, I don't know if I did this right or not. I went through an area newly developed, so there were no old and run down homes, but there were homes for sale and rent. So I took out m...
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When responding to a counter-offer from a bank, what is the best response?
1) inch up the price by $500 or $1000... or even $1500.
2) respond with the same price firm
3) "Serious" counter offer, i.e. 5-10k more.
If i...
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Hello BP Community!Seeking advice on this seemingly unusual situation. My wife and I purchased a house in Cobb County, Georgia in October of 2018 from a nice retired couple who lived here for 20+ years. They moved to ...
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Hi Guys,If I buy a deal with seller finance can I deduct the interest payments as I would with a standard mortgage?I know you should not count this phantom income and I will not factor this in to anything. Just wonder...
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Hey guys, I'm a present wholesaler who's looking to think creatively when it comes to real estate acquisition. I make tons of cash offers that tend to get rejected yet i feel that if i approach them differently aside ...
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I have had a good bit of investment property listed over the last year. I have recently received calls/verbal offers on a few of my properties that have me scratching my head. Each of these offers has been $20,000-3...
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Hey BP! I found a deal in East Mt. Airy in Philadelphia. I called the agent and she told me that the property was being held up by the executor. It belongs to a trust and the agent asking price was $50kI would like...