James Edmister
Pay down student loans faster or buy our first property?
Ok, I have read through the student loans posts and didn't see anything quite like our situation, so I figured I'd lay it out and see what you all thought.My wife and I have about $230K in combined student loan debt. ...
Ayodeji Kuponiyi
Rejecting Prospect Tenant (Non Refundable Application Fee)
Should my rejection letter read something like this:We're sorry to let you know that the property at [address] is no longer available. At this time we've rented this property to other applicants. Thank you.Do I need t...
Andrew Eaton
High End SF Bay Area Flip - Risk-Return Opinions
I am negotiating the purchase of a well located home on the SF peninsula. As it stands, it is a 2BR 1.5BA, 1,020SF home on a 5,000 SF lot. It is currently a rental that needs some TLC.Purchase price will be approx. ...
Anik Singal
Investing in Self Storage - Please Point Me in Right Direction!
Hey everyone, this is my first post here. I commit to being a very productive and active member! So far my wife and I have passively invested in multi-family deals. But, we want to start doing other kinds of deals A...
Mike Barry
When to use a portfolio lender?
Hello everyone,Newbie investor here with 2 rental properties under my belt. Now that i've been bitten by the bug I'm ready to keep going. I want to do the best planning ahead that I can. From all that I have read here...
Jim Sestito
Help me explain Seller Financing to Grandma!
Hello BP,Dear Grandma is looking to downsize. Her house completely paid for and she has one note on it that she used to purchase a car with a about $18K remaining.The house is a two family. The main unit is a 3 bed...
Brendan M.
My First Deal: How I Got Paid $4.8k at Closing AND Increased My Cash Flow $1200 a Month for 0% Down
I’m writing this post for all the newbies (especially military) out there who have yet to complete their first deal so they can hopefully see that getting a decent deal on their first purchase is actually achievable. ...
Paul Cordero
Can a seller deny offers financed by certain banks?
I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
Mark Hamilton
Trustee Rescinding Sale - California
The facts are straight forward:
1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...
Jason Krawitz
Door Knocking Today - Results
Hello All - I spent the day door knocking on pre-forclosures and thought I'd share my results. I knocked on 12 doors, talked to 4 owners + 1 Facebook lead. Drove about 110 miles and actually had quite a bit of fun. I ...