Katherine Sherrit
Looking for funding for flips and rentals in Metro Detroit
Hello, I'm an investor in Metro Detroit since 2008. In the last 2 years I also started purchasing rentals. I've bought one cash and the other with a conventional mortgage. Does anyone know of lenders that do not...
Diana Daniels
New Investor having issues finding funding resources.
Being cash short, after several tries with hard money lenders here on this site.
All all of my family is dead so that's out. Any Idea's how to make this happen?
Mike Schorah
Do people only use seller financing when it’s a buyer’s market?
I’d like to approach landlords to see if they want to sell me their property in exchange for a $10000 down payment, $5000 of which is used for closing costs, and $5000 of which is paid for with seller credits. This wo...
Mike Fontaine
Massachusetts Tenant wants to pay 9 months up front
So we are showing an apartment and a tenant came back clear but she wants to pay 9 months worth of rent upfront immediately. I tried looking up any problems with this on mass.gov but couldn't find a thing. Could anyon...
Walt Dockery
Renting to someone with cash but no credit history
I am showing my first rental property to rent. I had a family come by that seems like they would be a good fit, they are interested, filled out an app and are ready to move in soon - only problem is they recently mov...
Paul Harvey
Making it happen from halfway around the world!
Hi everyone,My name is Paul Harvey, no joke, and I'm from upstate Washington in the hot pursuit of attaining my dreams.I'm currently halfway around the world and have finally pulled the trigger on buying a house back ...
Alvin Grier
Dealing w/ Sellers that Owe A Lot in Back Taxes
We've had wholesale deals where we've had private sellers that owe a lot in back taxes (as I'm sure you have as well).
Anyways, in order to close on their homes via Warranty Deed, as many of our buyers prefer, the ta...
Babu Ramadoss
BRRR - Closing twice is being very expensive.... Other options?
Hi In BRRRR, you make two loans : Short-term Rehab loan upon purchase and long term regular loan at the end of rehab. For each of the loans, the closing costs comes to about 10 - 15% of the loan amount. So I end u...
Steven Foster Wilson
Bought my first commercial property Seller Financed Pros & Cons
I recently purchased my first commercial (5+) apartment building near Columbus OH and was able to get seller financing on it! Here are my thoughts on the pro's and Con's of seller financing something like this.Pros:- ...
Catherine Brennan
Paying rent upfront
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...