Hello BP community, I invested SDIRA funds as an equity partner to fund a high value house flip in the LA area. The contract was done via an Op Agreement / Promissory Note. However, the flipper miscalculated rehab c...
Hi all. I just finished listening to J Scott's second interview and he was talking about the problems he experienced while doing a spec build at a distance. he mentioned that he didn't have any problems which would si...
My lender has contacted my son’s daycare (without my knowledge) twice now. Not to verify the cost or attendance, but because he is trying to come up with a “strategy” (he calls it) to document that my child care costs...
Hi there,
I'm getting ready to make a few offers on properties in Connecticut that have sellers agents, but I do not have an agent.
How do I go about doing this? Do I work with the sellers agent directly? I'm not ...
My partners and I have a piece of land almost ready for permitting for a multifamily. Our agent wants us to counter much higher take a chunk down and carry $4MM @ 10% until the construction loan or a deadline we defi...
I live in CA and so far have only owned rentals in CA. I am looking to invest in small multi-family properties out of state (WI and/or IL), 50/50 with a partner, for better returns, and am curious how others in CA are...
Did anyone catch the AAOA post about a Utah Apartment Assoc. teaming up with a payday loan comapny to help tenants pay rent? Really, does anything go or is this over the line? Here's the link:
http://www.american-apar...
Hi All,
I’m looking for guidance on the investment approach I want to take. I’d love for you to poke holes in my logic or tell me if you feel I’m making a mistake (any feedback is welcomed).A bit of quick background ...
Two weeks ago I was informed that my Chase credit card, a card I've had for around 15 years, was closed. I was told that I don't use the card enough and that I was "costing Chase money." I'm sure my FICO will be neg...
After months of not finding anything I want to buy as my 1st rental, I found 2 that I would like to buy (I can only afford one). Both are in the neighborhood I live in- great schools, safe place, quiet, middle to uppe...