A question – We are looking at wholesaling REO’s. We intend purchasing a REO’s in a llc and then selling our rights/interest in the llc and collecting our fee.

What we need to know are the steps involved in doing th...

This is purely hypothetical but I had an idea that I could explore if it's even legal.  My idea is to work with RE investors/buyers, and use my available funds to provide a proof-of-funds letter for their deals, and c...

After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...

Has anyone had any experience using McMann Commercial Lending. Currently looking at potentially using them for a $2m loan/beloc on an 8 unit building. Any insight would be helpful. Thanks.

Ok so I am 30 years old. I own my house in Los Angeles, free and clear thanks, to my family purchasing for me. I am thinking about selling it. I will net between $850,000-$950,000 depending on how big I want to go wit...

Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...

I just closed on a short-saled triplex, that is full of tenants. Sounds good at first. However, at the closing, the previous owner said that there is one tenant that only paid half the rent for January and has not p...

This tenant called me today Monday and said they are moving out on Wednesday because they don't want to be evicted. The husband had an accident and and did not work for a month and they said they would catch up once h...

Hello BP,I would like to touch on a subject which I have never come across in any of the books I've read nor often discussed in the BP forums; yet I believe its is a very real thing from my understanding and appears t...

I have a couple interested in a unit. They did a smartmove credit check, and both came back with "Not enough info".They make well in excess of the rent, about 5 times. Verified income.But there's no credit cards, no l...