Tony Nguyen
Am I Over-Leveraging?
November last year, I bought a vacant 9 unit for $210k, put in $40k to renovate and after fully leased, it appraised for $440k. In April, I pulled out 80% or $318k and used $200k to pay off the private loan of the 9 u...
Steve Smith
Help me learn from this experience...
I'm reflecting back on a situation that happened over the last several days and trying to ensure that I properly identify the lessons learned. I'll lay out the scenario below, and I'm hoping you all can provide some ...
Phillip S.
Made BIG mistake with auction purchase - beware of scams
Fellow investors,I expect this topic has been discussed ad nauseam on here but I thought I would share my tale of woe anyway to help others avoid making the same mistakes I did. In August of last year I came across a...
Jason Patterson
Delinquent taxes - homeowner just wants out
I've talked to a homeowner who inherited a home from her mother, hasn't paid taxes since 2008, and doesn't want anything to do with property - no profit from sale at all, just wants out. Per the tax lawyer the taxes a...
Account Closed
Chicago buy and hold
I need your help BP contributors!
I am seeking my first rental property. I have been researching many different markets and I feel that I am suffering from analysis paralysis although I know that I am ready t...
Marimar Hernandez
Hard Money Lending - Becoming an Investor
Hello,
I am new to investing and have the opportunity to start investing on a hard money lending transaction for a short sale purchase and flip transaction.
According to the company servicing the loan:
The loan is a ...
Darin M.
Found a house a bank forgot it had & would like to sell me as NPN
Evening All,I want to run a potential property purchase by you to make sure I am working this in the correct procedure in buying a note directly from a bank.I found a house recently in the neighborhood buried in the t...
Christian Orozco
How many applicants is too many?
Hi, I just put a unit for rent on the market. I have received about 60 applicants in less than a week. Is my rent too low or is that average?
Hannah Partovi
Partnership gone bad advice
I’m new to flipping in the Austin market and I found a great deal on a property and wanted to partner with a seasoned local flipper on my first one to learn the ropes. They also wanted me to fund all the cash to close...
Kermaury Musgrove
Buying First Property
I am looking at buying my first property, OOS to be exact. I currently live in California and I am looking more in the Midwest and east areas. I am trying to get started as I have been told about getting an LLC, Busin...