Alison Rauch
cash offer and proof of funds when using a loan to get cash
We are planning on borrowing money from our retirement to make a cash offer. We are applying for the loan on Monday (they are closed until then) and it will take 7-14 days to get the money. If we want to make an off...
Bob Langworthy
Venmo to start charging high fees. Alternatives?
We've been using Venmo to accept rent payments. It has its pros and cons, but one of the pros has been the lack of fees. Beginning August 2, they will start charging 1.9% for accepting rent and 1.5% for sending an ins...
Logan Beckner
Baltimore Apartment Complex Auction Experiment-Property Analysis
Hello BP forum users!
I'm challenging myself to push my comfort zone and I'm going to do my best to go to an in-person auction (this will be my first) to see how it is done. The experiment part is coming with my ana...
Sada Rafi
Eviction notice - how many times can you send out the notice
I have a tenant who has been late in payment almost every month. Last month he didn't pay until I sent him Eviction notice (10 days to pay or quit) letter. Then he paid the next day. This month he is late again, so I ...
Lee Pedrazas
Getting started. Where do I spend my money?
I'm finally getting everything worked out to begin wholesaling. I have a few courses that I've purchased, and I've been combing through this and another forum.
I plan to set up an LLC, and I think that will run me a...
Patrick Philip
Former tenant not home to receieve security deposit notice
According to Florida law, I have to send certified mail to former tenants stating deductions from their security deposit. I sent one and the former tenant wasn't home to sign, so it has yet to be delivered. Law says I...
Beau Miller
Corporate Structuring
Hi Everyone! This is a tax/legal mix question. I'm curious as to what type of corporate structure(s) BP members are using when working with Private Investors of short term (Less than six months) residential home fli...
Herndon Davis
13 Rules to Vetting Private Money Lenders!!
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
Tevin Russell
Direct mail waste of time if campaign budget isn't large?
Hello, new investor still trying to figure things out.One goal I had with my efforts was to take money from my first couple deals and use some of that to put it into a direct mail campaign to have a steadier flow of l...
Andrew Nesbitt
How many mailers to get a deal?
I've never done a deal. I want to mail out "i buy houses" postcards, but not sure how many I should send out. I NEED to get at least 1 deal from that mailing. So how many mailers would I need to mail out to mak...