Mason Wade Morris
Did I lose out on a deal?
Hey guys, while in the process of trying get my first rental property I made an offer on the following property after the previous buyer's financing fell through. I made my highest and best offer $53k and the seller's...
Michael Murray
First Flip Under Contract- Made About $11k
Hello Everyone and Happy New year!I am a young investor with a couple of buy and hold deals under my belt and just completed and sold my first rehab deal in Rhode Island. I made much, much less money than I had antici...
Brandon Bohland
Subject To Question
I have a seller willing to do seller financing. I let him know that if any time I miss a payment on his mortgage, he would have the right to take the house back, along with all of the equity I've paid down while I'...
Stephen Bruce
Unique situation with a possible Tenant
Hello to all! Here is the scenario. A young couple (both 25) are relocating to my area and are interested in renting. The monthly rent is $2050/month. Their combined income is 90K. I did an in-person walkthrough, and ...
Kenneth Garrett
Building Code/Code Enforcement Questions
I have been a Building Official/Zoning Administrator for 20 plus years. If you have questions regarding code matters feel free to reach out. It may be another perspective you hadn't considered. Since becoming an in...
Mike Carr
refinancing a syndicated deal to hold long-term
Question about refinancing a syndicated deal.Goal: I want to start syndicating self storage facilities. The long-term goal is to refinance the syndicated deals around the 5 year mark to pay back the principal invested...
Tammy Braz
Do You have to be "in love" with an Investment Property?
I find myself judging the investment properties as if I were going to live there. Do I need to love it? Like it? Or Just make sure it's a good (sound) investment. I'm a newbie and I've been looking in good areas (sc...
Michael Badin
Partner Buyout with new LLC Multiple Transfer Taxes??
Hi all, I have a situation that I am trying to avoid. If anyone has ever run into it before or knows how to avoid it your knowledge would be greatly appreciated.So my father-in -law and his former business partner ha...
Johnny Wehmann
Seller Financing structure
Before I start paying my attorney, I would like to hear suggestions from BP members. I'm working with an owner open to seller financing with a 3-year balloon. The details are as follows:Purchase price $385,000. It ...
Levi Perl
When to lower rental listing price?
How many showings a week is considered good? Meaning that the number of showings show you have it priced well? I have seen many say “3-5 showings a week is good”. However, does that include people who wouldn’t qualify...