Moncy Samuel
Late rent request from tenant
One of my tenants wife called me and said they have some difficulties arranging full rent. Rent is $1500 however they could arrange only $700 due to some problems with bank freeze. (Two months back the check bounced a...
Sean H.
Dilution & Removing a Personal Guarantee
I am currently a 33% owner in a S-Corp that has loans on several properties. My partners and I have agreed to a stock issuance to allow an additional partner to join the company that will dilute me personally to a...
Eric Boshart
Non-Performing Hard/Private Money Loans
Hi BP Community,
I'm a private money lender in the DFW metroplex, and I'm looking for creative ways to be helpful and scale my business. As the market is shifting, I'm curious to know if anyone is seeing any opportun...
Mary Ann Rocco
short sale & commisions
I'm looking for better understanding about short sales and real estate commissions. I apologize for the length of this post.
The short sale has not been approved because of the 2nd with Chase, but I want to ignore ...
David Cole
Using your IRA?
Hey everybody,
Are you using your IRA for wholesaling?
If so, encountered any problems?
Thanks,
Dave
Eric P.
Structure of private lending
How does the structure of private lending work exactly? Is it money from friends, family, and everyday average Joe investors? Is it simply just an I.O.U. and keeping track yourself of who you owe money or does it stil...
Logan Addis
Rent to own or lease option investment?
My dad has a house and some land that he was going to sell to my stepsister in a land contract at 3% and $300 a month and 55k total. That would end up being about 18k in interest. She backed out of the deal. He was re...
Toben B.
How do I split the profits when I raise money and manage the property?
Hello, I have a $2 million deal for 34 units that is roughly a 9 cap with upside if I bring the rents up to market.I need about $400K and some reserves to close the deal but I only have $100K line of credit. I think...
Travis Limbocker
Hard Money Lending on Apartment
Good morning BP,Wanted to get a fresh discussion going on hard money lending (HML) specific to large MF apartment properties.To date, I've acquired < 10 unit MF properties using a mix of traditional financing and 1...
Bob Malecki
Rental SFR in Harper Woods - advice sought
We foreclosed on a 4/2 SFR in Harper Woods MI over a year ago and the borrowers are renting it back from us. We have a lease in place and they have been paying $700/month in rent on time every month. We would like to ...