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Hi all, I think I am in some serious trouble now and really need your guys' input!! About a year ago I got connected to a loan broker here in BP who was posting ads looking for private money to fund local flippers- so...
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This is probably the best article I've seen so far on what is going on in the mortgage marketplace.
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, whic...
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When evaluating a property what do you look for:
High Cashflow?
Example: $74,000 house rents for $900 month, buy with all cash gives you a 9% Cash on Cash return and a $587/mo cash-flow.
or
...
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We went live about 3 months ago with our cabin in the Smoky Mountains and have been booking well on AirBnB, . But for some reason we haven't had a single booking on VRBO and not even a single inquiry until today. I ju...
Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian...
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Do many seasoned investors recommend to tap into your life insurance cash value as a loan to your self to fund a real estate investment? this that a good strategy for someone that has limited liquid cash in the ba...
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I created a 2 page PSA to be used when wholesaling deals, but my attorney was concerned there was so much missing from it that's in the standard form. But really, does it even matter if a lot of the specifics are miss...
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Hi BP,I am scrambling right now to make the right offer in the right way by tomorrow noon. I am in the nor cal market and the house has ARV 360 so I figure my max offer allowable is 360-(55k repairs)-(my 10k wholesale...
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I have 23 rental units now. I bought a duplex in '07. The next opportunity came in late '09 when I met a motivated seller, an elderly couple that gave the a great deal on my next 11 units/4 properties. This couple sti...
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I would like to hear from other investors in the Houston area about strategies and outlook for 2015 in this climate of of dropping oil prices. I am fearful unfortunately and I am trying to fight it.My elders are full...