Michael Hartman
Wholesale Process (Newbie Question)
Hi BP! This is my first post on the site. I'm very new to real estate investing and am really having a hard time understanding the process from start to finish on a wholesale deal so I thought why not just post it h...
Samantha Miller
Is my plumber screwing me over?
Hey BP! Looking for some input on an inspection report. I am under contract to purchase a 4 bed 1.5 bath row home in Philadelphia. This is my first home purchase, and I have little to no experience with real estate, c...
Mohammed Milord
How do you build cash reserves when you are just getting started as a landlord?
I am in the process of looking at single-family properties for my first rental. I don't have any cash on hand for the cash reserves. Is it important to have the cash reserves already saved up BEFORE you acquire a rent...
Karen A.
Purchase Contract w/ 2-year lease before closing
You have a mess, you should never have leased the property with a tenant being responsible for maintenance and repairs.
It could be assumed the home warranty would be provided at closing, not at the time of a...
William Brock
Lake LBJ / Lago Vista Vacation Rental - Should I buy?
Hi all!I'm an Austin investor looking to possibly purchase a short-term rental on Lake LBJ and was wondering if anyone else has a vacation home there or in Lago Vista or the neighboring areas. I currently own 2 long-t...
Mike H.
Acceptance rescinded by Homepath - because there is "Interest"?
Is that even legal? Is it ethical?I had a homepath offer accepted on the 30th at 11:54 pm so basically midnight. And we went to get the packet in (signed doc, earnest money, etc) today but my realtor got another email...
Colleen F.
dis-incentives/ fines for bad behavior
Ok there are late fees and buyout the lease clauses. We even have a fee associated with a citation for our student rentals but what other fines/fees/disincentives can you enforce? I have a tenant , thankfully she ...
Anthoy James
How to compete with competition offering bogus offers to prospects?
So I've noticed when I get calls from my mailings a lot of times I will meet with a seller and offer them something that is good for me to buy as a rehabber. (Like $240k for a property with an ARV of $400k) The sel...
Sol Dubnov
Do not deal with this bank
Why would a company that has "no appetite" for investment drag potential customers through application and appraisal expenses while not intending to invest? Here is a story of a community bank in California (I'll post...
Jonathan Soto
Over $1,000,000 in equity and no idea how to use it!!!
As the post states. I'm looking at ways to put my equity to work and invest in real estate. If you had the same equity, what would be your plan of action? Would a fix and flip be the best way to go or is it better to ...