Patrick Benjamin
First Fix and Flip (Mesa, Arizona)
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $214,830
Cash invested: $60,000
Sale price: $307,500
1700 Sqft 4 Bedroom / 2 bath that we converted into a 3 Be...
Kwadwo Banahene
Nasty Turnkey looking to purchase then fix
I found a duplex with tenants currently living in it which needs a lot of work. One unit is ok and looks to have minor repairs needed to be done. The other unit is downright disgusting with carpet which was peed on by...
Ginger Mermer
Second home financing- need creative ideas
How do you qualify for a second mortgage if your debt to income ratio isn’t high enough? Do they consider available cash? I would have to pay the holding costs from my available cash. I read something about creating a...
Jay Chekansky
Seller Finance Buyer Fails to Maintain Insurance - Proper Way to Bill Back for FPI?
Hey All,
I am seeking advice on the proper way to charge back my borrower on a seller finance deal in which the borrower has allowed the insurance to lapse. I have a force placed insurance policy now in place to cov...
Beverly Fast Sinclair
Self directed IRA LLC's
I am using some of my IRA to buy investment properties. Does anyone have a good custodian they can recommend? I started with uDirect, and it has gone from bad to worse. Any recommendations would be greatly apprecia...
Evan Manship
Your First Seller-Financed Property Experience
I am in the middle of putting my first seller-financed property into contract. I am looking for any tips or extra no-nos that BP might have to share along with your first-time experiences.How do I make sure this thing...
Dominique Coffin
1031 Exchange to Seller Financing
Looking for some insight on the topic of doing a 1031 exchange into properties that the owner would want to do seller financing. Does anyone have any experience in this? Looking for certain things I need to watch out ...
Warren Straley
Seller Financing on a 32 Unit
For those of you out there who have done seller financing in the past (as the buyer or the seller) what is your experience with this, and what terms did you end up coming to in the end? I just purchased a 12 unit, and...
Philip Preskenis
Financing for quick close - 10 days
Trying to keep this short and sweet. We were presented with an opportunity to purchase a home direct from seller before his home is foreclosed on. It is set to be taken by the bank on March 7th. We would be getting a ...
Jonathan Ramos
Daytona, Florida Determining the CAP Rate.
Hello All,I am trying to figure out the CAP rate for a property located in Daytona, Fl. Was wondering where would I am able to find this information out. Please advise.Thank you for your time,Jonathan