Newbie from L.A. here.  Trying to make first deal happen.  I'm finding that any deal that is truly a deal is going to immediately have multiple offers.  Though I have a substantial amount of cash ready to go, I'm stil...

Hello there,I've been under contract and originally closing date was 45 days. Unfortunately seller's lien has some issues and this is keep getting delayed. The contract has passed all the contingencies that I've put (...

Everyone around me is  telling me this is not a good buy , but also non of them is RI . What you guys think about this property. My idea is to convert it to 3 units. Medium rent in the area is 1600$ for SF https://www...

I was looking at a group of 4 fourplexes as a package deal. I had done my projections (yay! 50% rule) and things were looking good. Showed it to my lender, things were looking quite good. (yay!) Then, I get the seller...

Hello, I have a prospect (family) whom I have already approved, but I am requesting 2 months deposit instead of the standard 1 month due to their less than ideal credit. They initially agreed verbally, but now they ar...

Hey guys! So My buddy and I were talking yesterday about the corona drama and our rentals. We were talking worst case scenario. He was telling me that he doesn’t make much from his 3 rental properties (3 SFH) and th...

Here is a 10,000 foot view of a deal that was brought to me. All of the information pertaining to income and expenses needs to be verified. The homeowner wants to sell due to age and health issues as they were also se...

Random question that I couldn't find when searching BP. When calculating your net worth for accredited status, how are investments in syndications treated? Are they completely excluded from the calculation or are we a...

Ladies and gentlemen,What would you folks except closing costs to be on a cash out refinance in the amount of $150,000 (lender and escrow fees)? Say the transaction has zero points. Would you expect it to vary much fr...

I read the other posts about this matter, so I'll ask directly my unanswered question:How to I assume the lease contract in place? Do I change the name of the landlord and have the tenants initial and me signing at th...