Ryan Morlino
Need some guidance on setting price for a ground lease
I need some advice on pricing rent for a ground lease with a 99 year term. Let me give a little background info first.My wife and I recently built and rented two houses on land belonging to my in-laws. The agreement...
Cory E.
Repossession/short sale question
I've been representing a client the last few months on a property that we've been trying to negotiate a short sale on with a mortgage servicing company. It's been about 3-4 months. The property has been off the marke...
Andrew Jones
6plex under contract. What documentation should I ask from owner?
Hello BP,
Yesterday 1/12/12, I got a 6plex under contract in southern California. Four 2bd+1 and Two 1+1. Owner is financing with me putting 30% down. Building is currently fully occupied. What documentation should I...
Michael Lauther
Mortgages under $50,000?
Are there lenders that will offer residential mortgages for less than $50,000 to prospective homeowners ( not investors) and if so what t terms are offered?
Account Closed
Clark Howard gives a thumbsdown to TURNKEY.
He hasnt seen people who buy AND come out ahead on exit. Same as variable annuities.Another example Hedge funds. Promoters get all the money. Investors say WHAT HAPPENED. Ask CA retirement funds.I wish Lane...
Kevin Santos
New to BRRRR. Can I add value w just exterior renovations?
I am looking to buy my first rental property and BRRRR in Cleveland. A lot of the deals I liked seem to already have been newly renovated and fully occupied. This does seem nice bc I am new and these would be relative...
Dan Cho
Any Owner/Operator Gas Station?
Hi I recently came across a truck station gas station deal in the northeast, selling for about $2.5, revenue around $6.0, and cash flowing around $500k. Seller is claiming that they do over 2 million gallons a year. I...
Max Briggs
My first Rental Property Purchase - Good Deal?
The following is an updated version of what I posted on my BP blog recently. I'd like to hear what people have to say:I recently purchased my first rental property in a neighborhood that is renting between $1000 and ...
Kelly B.
llc no operating agrement, fall out with partners
Here are the ridiculous facts.1) we bought a building with "friends" to be rehabbed and turned into a short term rental. We drafted an operating agreement after I formed the llc. We discussed and they seemed ok with ...
Johnny Kula
All this talk about "little" money down...HOW?
I have been reading posts on BP for a few weeks now, and many people have posted that they were able to buy (non owner occupied) multi-families with minimal money down. Some as low as 5%. HOW? My broke tells me it'...