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...
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...
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?
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...
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...
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 ...
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...
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 ...
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...
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...