Hi All,I'm new to notes and have been reading a ton. I wanted to get an idea on what the process looks like for you guys after you have purchased a note. What are your action steps?Day 1:1. Force insurance if one is n...
Goals are set out in front of us as something to strive for, but oftentimes we just end up chasing our ambition the whole year. And when we can't catch up to it, we either give up or put our heads down and say we will...
My Mom is selling a 1031 property in Oregon. She has had it rented for at least 5-7 years. Starting in January 2023 she evicted the most current renter to get the property ready to sell. She got about 4 months of re...
Hello everyone!I am looking to purchase a property from an out of state seller by Land contract.I have a couple questions:-What document do I need for the transaction?(As far as I know I need a P&S Agreement, Land...
Hi all - I'm in an area with HOA and one of the residents wants to amend the HOA documents to limit the number of homes which can be rented out. He indicated that the number of rentals in an area can make the area "hi...
I have two potential tenants currently and am weighing my options. Both report a good income well over >3x monthly rent, but both have criminal background history and low credit score (upper 500s). How should i we...
Good afternoon BP I hope everyone is doing good today. For those who don't know me I sum up who I am and why I'm on BP real quick, then I'll ask my question.My name is Carlos Rodrigues and I'm new to this real estate ...
Hi BP rock stars,
I am aware that in Halifax NS, the tenant is not required to provide SIN. Under this condition, how do you usually conduct background and credit check if the applicant is not willing to disclose thi...
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Hey fellow bigger pocket members!
I am in the market to purchase a fixer upper / foreclosure cash. Here's the facts:
I plan to cash out-refi or pull a HELOC out of a single family I own free and clear and use some o...