Chris DeSisto
Subject-to to wrap mortgage
When you buy a property sub2 for say 70k then wrap it for say 100k to an end buyer, the actual wrap, is it a contract for deed or is the wrap a note and deed of trust to the end buyer? I assume you don't want to give ...
Robert Chen
Burst pipe within 3 months of purchase
Recently I purchased a 4 family multi in Providence, RI and I have been listening to Biggerpockets podcasts and reading people's stories like I am addicted. The property I purchased was at a good price because if the ...
Timothy W.
Any self storage investors here?
Hey Guys,
I have a small commercial multi but my main focus has been res. property. I have a question about self-storage and I have never done it before. I have a line on a 42,000 s.f. commercial building in a densl...
Erik R.
New Investor From Northville, MI (Metro Detroit)
Hello! My name is Erik Romzek, and after about a year of trolling and soaking up as much information as I can, I thought it would be appropriate to finally introduce myself to the BP community.I'm a 30 yr old married ...
Joe Bourguignon
Sell with seller financing note questions
I’m consIderIng selling a rental SFR with seller financing and have a couple of questions.
- who do I need to write the note (originate?)
- can I use some percentage of that note as collateral for getting another lo...
Kyle Doherty
Joint Venture Structure with Builder (development projects) Is this a fair structure?
I've started working with a builder locally on our first Development/Build Project. Essentially I am finding and procuring the land/lot via traditional financing and funding everything through the development phase un...
James English
Analyzing a 4plex and Commercial Deals
Hello BP family!I have two new investors who want to partner with me on fourplex and multi-family commercial deals. None of us have experience in commercial investing, but we are aggressively attacking the knowledge b...
Sara Wylder
Foreclosure Auction Scenarios
Hi all —
Curious if there are any scenarios where you can loose money at a foreclosure auction.
Say you are the highest bidder and you win the auction - are there any ways that you can still loose the property after...
Maria Mendoza
How to go about doing a sandwich lease option for a newbie
Hello all! I am currently living in Miami, but I'm from Kansas City. I found a decent lease option in KC that would be $600 monthly. This house would rent for about $800-900 monthly (based on Redfin, Trulia, & Rea...
Tim C.
Bad Tenant Case Study - Advice?
Quick case study I was hoping to get a couple of updated opinions on.I inherited tenants in a duplex I just purchased. Long story short, I honored the existing lease which had a low security deposit (<50% of rent),...