Diandre Pierce
Mobile home park opportunity
I have an uncle that has owned 6 trailer parks (over 100 trailers) for 16 years. Average profit on a trailer park is between 10-15 percent . My uncle has done 84 percent for the last 14 consecutive years (these number...
Jerry Akop
Los Angeles County rent increase with rental control
Hello, I have a rental property in Los Angeles under rent control. I have talked to the tenants about raising rent and remodeling the unit, they are ok with a new lease and the amount, i called the housing dept and th...
Jeff Womack
Taxes on one time investment sale
A buddy was thinking of selling his former residence that was in disrepair from years of renting. I love doing home improvement and struck up a deal with him. He agreed to sell the home to me for an agreed upon pric...
John Michael
When House Doesn't Appraise High Enough
Hi I'm new to the BP community. I would like to understand the process when you've bought a property either a rental investment property or primary residence, and the house doesn't appraise for the value of what you a...
James Watson
Direct mailing campaign (Data/input needed)
Hey guys!We are currently averaging about 1 single family deal per month and looking to ramp up some marketing to increase deal flow. Currently I am handling mailings personally, handwriting envelopes, stuffing envel...
Jodie Fae
Lender is not wanting to lend the full amount to the buyer
I'm a wholesaler and i have a contract for $110,000 with the seller. I assign it for $30,000 now the buyer is coming back to me and saying the lender will only be able to lend at $125,000 cutting my $30,000 deal. SH...
Devin Haertling
Question about real estate contracts
I am going through the usual agent I use to buy my rentals and it is a listing they have. There are two agents. One is dealing with me and the other is dealing with the seller.We have a signed contract in place to p...
Ranjit Wasu
Short Sale 101 - some tips. strategies and advice please
Hey all,I wanted to ask for some more tips and strategies on Short sales and how to best approach them. Is there a way of tackling these to ensure that a good deal is agreed to.I have seen one not too far from my tow...
Andy N.
Apartment insurance question cash value or replacement cost?
This is to anyone who owns an apartment complex. How are you insuring your buildings? I have seen where they can be insured for agreed value, cash value, and replacement cost. I am curious how you all are doing it?
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AJ Satcher
How Many Inspections is Enough?
Hello all,I'm in the process of closing a deal, so far I've had 2 inspections.First inspection - Necessary. Items were brought up by inspector, no questions about getting this one.Second Inspection: To address some of...