Blake Dailey
Exercising MLO to Purchase
I am looking to purchase my first using this strategy and wanted to reach out for any guidance you could provide. This property is an RV park in central Tennessee. It appraised at $454,000 and the seller is asking $32...
N/A N/A
Option deal on mixed-use - am I missing anything?
Got a 65 yo widow. Husband ran retail business in location and rented two 3 br apartments above. He dies, no interested heirs to take business. She's clueless about RE.
She enters into a 5 year with a commercial reta...
Dan Bosak
Call Center for Tenant Maintenance & Emergency Calls
I am looking into some options to handle tenant maintenance and especially emergency calls. I have just over 100 units now and want to create a reliable and scale-able system for these calls (and emails and texts). ...
Shawn Connors
Lease Option?
Hi BP Friends,So I have a co worker who has her house up for sale. It's been on the market for about 2 months and she can't land a solid buyer. She owes about $140k and has the house listed for $289k. In her market...
Tom Tran
How do you evaluate interest rate to determine if the deal is worthy?
Hi guys,I am currently evaluating a refinance with a blanket/portfolio loan to cash out for a purchase of a 13 units...I exploring both avenues for loan; 1) conventional loan via WF which quoted around 4.75-5.25% or 2...
John C.
Lease Option Extension
Hi Guys,Tenant buyer's option to purchase agreement is almost up. She would like to pay another option fee to "buy" another year. I would like to give her some sort of extension agreement for her records but I cannot ...
Wesley W.
Rent increase lease addendums
Hello all,They say the definition of insanity is expecting different results by doing the same thing. I am not happy with the results I am getting from my current method, so I'm looking for some ideas. Here's my cur...
David Hodge
Helping mother-in-law find cashflow
My mother-in-law recently sold her primary residence and downsized since the kids are all moved out. She's looking for something that would provide her with good cash flow as she is very close to retiring. She doesn...
Kit Edwards
Ideas for Creative Investment Exits in an REI Group
Hi BP Colleagues, I'm working with a few investment partners to lay out an operating structure to support a deal focused on an STR strategy for several properties over a 10 year time frame. Our group is discussing ho...
Karl Smith
Which is better; an Option to Purchase or a Sales Agreement
Looking to wholesale 2 - 6 unit properties ion the Chg area. The owner wants to sell them together. Both properties are C class, vacant and need full rehabs inside about $15-20k per door; kitchen, bath some wall rep...