Stephen Read
Patch of Land - No Responses Since August 2021
Does anyone else have outstanding loans from Patch of Land? I have 7 loans that have yet to pay off and Patch of Land stopped sending updates in August and no longer answers questions on their help desk or by phone. ...
Jef A.
Purchasing the second home (Getting the ball rolling)
I recently paid off my home and i am interested in purchasing another home/duplex for the rental income. Banks are telling me that because i own a home i would have to pay 20-25% for the down payment because it would ...
Kevin M.
Im a realtor and have ss approved at 340 but have offer at 360 can i do double escrow? In Ca
i have a short sale approved at 340 but have a offer at 360.. can i do double escrow?
Daniel Fitzroy
Should you avoid becoming friends with your tenants?
What if you owned rental properties and when you went out to take care of a tenants complaint, you had a great chat with them and they invite you to go do something fun with them that you both enjoy like fishing for e...
David C.
When deals are really just "overpriced offerings"
To the group: As more and more "deals" cross my desk and I perform underwriting, I find that the vast majority of these deals are simply overpriced offerings - even in lousy locations, Cap Rates are around 3-4%. Mos...
Sean Yang
Agent asking for $5000 upfront compensation. That normal??
Hi I really need some feedback on this. I was looking to buy some out-of-state rental properties and got introduced to this agent in August when I did a field trip. Since then he has been sending me some off market pr...
Heidi Green
Save my self the heartache, and get a real estate license! No w
Hello! I just joined this group today, and hoping to find some input on a nagging question I have. Is it really possible to do wholesaling of houses without money out of your pocket, or doing and rehabe work?Like, ju...
Leon Lee
What is current CoC for STRs with and without 7% interest loan
Hi, Fellow BPersI recently read "Long-Term Wealth" by Avery, which mentioned a 25% Cash on Cash (CoC) return, and it seemed extremely optimistic compared to current standards. I'm curious about the CoC returns you're ...
Cameron Price
Help! 100 year old house. Need advice. Lead, Asbestos, etc.
I need serious input! I just looked at a Historic house in my town that has been sitting vacant for over 30 years. The family finally put it on the market and are asking $80K. The realtor thinks they would take $40K o...
Mark Stone
Investing question
Hey everyone,I have a question in regards to where to invest next.I currently have a triplex and am trying to decide on whether to focus on increasing its cash flow via removing my PMI or moving on to purchase anothe...