Nick Zocher
Do Back Payments Matter To Mortgage Balance Bottom Line?
Extremely newbie question, but I'd love clarification.I was speaking to a lead today who's bank statement said they had a remaining mortgage balance of around $500,000. The statement also highlighted that they had $60...
Bob Malecki
Should my Contract For Deed include a promissory note?
I'm selling a property in S. Carolina via Contract For Deed (CFD). I have a good contract to use but one of my peers say that I should also have the buyer sign a promissory note as well. This makes sense to me, does a...
Lamar Quinn
New construction question
Hey BP,
I am in the middle of a new construction build and have a question for those who are familiar with building/selling new homes. The home is being built for me by a small builder and the price is 275k for 2800 ...
Kendall Bond
What is a Tax Sale? Tax Deed and Tax Lien
What is a tax sale?In the United States, anyone who owns property must pay some sort of real estate tax to the government. The taxes that are collected pay for public services, such as, hospitals, schools, law enforce...
Christian Carson
Recent developments in the Cleveland real estate market
The Cleveland real estate market, long stalled by a combination of poor economic prospects and a poor national reputation, appears to be finally making some strides in a positive direction. Grit and determination have...
Dennis Williams
How did he buy a $300K property for $10K
I found a property that was abandoned this year in January and was in the process of adverse possessing it. During my search I saw that Wells Fargo (WF) was paying the taxes and it looked like it was in the foreclosur...
John Lee
How do you guys calculate a "good" commercial deal?
Hello BP,Excuse my ignorance, because I do mostly single family rental investing. It's pretty straight forward, because I base my numbers on the ARV, purchase price and repairs. But, how do you guys compute a "good"...
Kay Nemen
Rental property with tenants in place - how to go about adjusting the rents?
Hi all! I'm about to close on my first rental property (yay!) - a quadplex in the DFW area with all units rented below the market rent (about 20% below). How would you go about raising the rent - Would you wait for a ...
Ashley Victor
How do we pay people who help us close the deal?
Hello, My partner and I need help figuring out how much to pay this person. Here's what happened, she answered the call, negotiated the deal, we bought the property @ $160,000, we'll be keeping it as a rental. How muc...
Tux Lawrence
The Art of Short Sale Investing
Short sale is a topic that has created a big time career for a good number of real estate investors. It has also been used to save lots of homeowner out of their real estate dilemma.
Short sale in Real Estate is ofte...