Patrick Philip
Any advice on dealing with GC's for rehabs?
I have realized I cannot keep up with the workload doing the work myself. I will be hiring GC's from now on. I was hesitant because I know they could charge an arm and a leg for something that's not even difficult. I ...
Jason Thompson
Assignment or Double Close
I am trying to establish myself as a virtual wholesaler in NC through agent outreach. I have reviewed the standard APS, and a section explicitly states the contract cannot be assigned. Through the agent outreach metho...
Chris Seveney
Interest Rates & Seller Financing
Recently I have received emails from note investors whose primary focus is on acquiring owner carried paper. A significant amount of the loans that made there way to me were underwritten at 5-6% interest rates (at a t...
Tim Boeving
Payoff rental or pay down to get out of PMI
Hello all! I have a rental property that has an ARM and a our current residence that has PMI. Question is do we pay down to get out of PMI or do we pay off the rental? PMI is about $90 and interest on rental is about ...
Casey Havenor
Turned down for Refi -- Where should I look for lender?
I was turned down by my current lender for a refi-loan on my condo due to the following reasons.- 35% of the units are owned by a single investor (this needs to be under 10%). -only 31% of the units are owner occupied...
Sean F.
Short sale strategy
Hello fellow BP'ers,
I'm looking for some guidance and advice on a short sale opportunity that was presented to me.
My parents next door neighbor approached me recently that he will be listing his property within t...
Michael Wentzel
Attorney and/ or CPA recommendations for foreign investors
So I'm in the process of setting up a company that will coach foreign investors to purchase rental properties in the US. Below is a rough list of the process I have put together, but I really need to communicate with ...
Chris May
How to locate 50% DTI lenders
I've got a problem that I'm sure many other people have faced, but I'm running into dead ends left and right.We owner occupy a duplex in a very high cost area, and are trying to move to North Carolina. We'd like to bu...
Roman Stefaniw
Arms length Mortgages/Private Lending
Hello everyone. I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian). They are called Arms length mortgages in Canada. I was wondering if anyone has done this before and can of...
Jess Pfiffer
Single Family Home Rehab-- Los Angeles, CA
Investment Info:
Single-family residence buy & hold investment in Los Angeles.
Purchase price: $370,000
Cash invested: $50,000
Purchased a 1920s home in the Los Angeles area which was a complete ...