Rick Sheldon
Is This a Bad Investment?
Here is the inspection report for a house I am currently in the inspection period for. Under contract for $70K with 3% concessions.This would be my first investment property and I would be managing it from out of stat...
John Gray
house is for sale and going to foreclosure auction..
please help, i'm not sure how to go about this1. what is the best tactic in acquiring a property that is for sale but is going to a foreclosure auction?2. if there is an accepted offer will the auction be postponed?3....
Michael Rojas
Writing new lease agreements in California
Hi All!
I took ownership of a 4-plex in Oakland, CA in June of this year. Two of my tenants never signed the original lease that was provided to them by the previous owner and I would like to get new lease agreements...
Andrew Adam
16- Plex on 43rd St.
Investment Info:Large multi-family (5+ units) buy & hold investment in Sioux Falls.
Purchase price: $875,000 Cash invested: $218,000I sold my 6 units and put the proceeds from the sales with my savings to ...
Rex Celle
Do you track your net worth?
How many of you track your net worth as RE investors. If so, please share with the BP community your approach and what you include under assets and liabilities.
David H.
Attn: SBA Loan Deferments
Good morning everyone!As an SBA professional I wanted to make you all aware that the SBA has a long standing policy to allow for loan deferments to handle temporary cash flow disruptions, which the Covid19 event quali...
Tom Klein
Flipping a Fannie Mae property
I'm looking at a Fannie Mae property and my realtor told me this:
That house is a Fannie May product. You would have to occupy the property for a minimum of 1 year. Would only be able to sell for 125% of your...
Jerome S.
Incorrect Mortgage Disclosure Documents - Sign or No Sign?
Hello All,
I've closed on quite a few mortgages and refinances over my tenure as a real estate investor. I've always stood my ground in ensuring every document that is exchanged/signed/provided during this process i...
Robert Obniski
Buying my first flip property!
As of right now, the seller and myself have an agreement on price and hopefully he sends over the contract tomorrow.This is a HUD property being wholesaled to me. I wont be using an agent this time so i'm taking any r...
Brandon Sturgill
Making the transition from a live-in rehab
I recently purchased a live-in rehab project with a targeted 12 month rehab and resale period. I bought the home because it is my kids last year in a private school in the city; meaning we need to relocate to another ...