Serge S.
Due on sale clause was called by bank!
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
Vernon Henry
What to do with my 401K
I am a retired 64-year-old with about $490k in a 401k. It seems like all the information, tips, strategies, etc. that I find on the subject are directed at folks for whom retirement is years (if not decades) away. In ...
Henry Zhu
Rate hikes, where to invest this year?
Rates are still historically low at 5%, but affordability/price to income ratio is at all time low also, same level as 08 according to FERD website.The same rental I bought last year at 3.5% in College Park, MD would ...
Matt Carey
Emotional Support Animals
Hi, all! I asked my lawyer about service and emotional support animals. This is what he said regarding fair housing.If an applicant or tenant wants to have a service animal or emotional support animal, the tenant must...
Christian Johnston
Nervous about closing on this property
I’m in San Diego. My goal with purchasing a property is to reduce my rent to 2k or less/month while starting my real estate portfolio. I plan to hold the property indefinitely and to eventually refinance it for a dow...
Jessica Swingle
Note Brokering Notes in Multiple States...Strategy?
Hey all,
A few questions re: note brokering in multiple states...
1. My ideal situation would be to build a long term note business (buying, selling & brokering) based in my home state of Ohio...how...
Tamara V.
Using a hard money lender
Hello BP community, so I am considering making an offer on a property (my first) but I'm going to be using a hard money lender. My questions are: When using a hard money lender is the offer presented to the seller as ...
Edward Briley
Warning: Controversy Below - Raise the Fed's Discount Rate NOW!!!
I am someone that have flipped several homes in my life, and now I can see where it is time the raise the interest rate at the Fed's Discount window.By doing this will increase home values, and cause more homes to be ...
Jon Klaus
One in four renters spends half their income on housing
Spending half their income on housing Do you have any tenants that spend half their income on housing? What issues has it caused?
Mark Lovejoy
What is the going rate for capital partner?
I came across a great deal that’s bank owned and wants a cash deal. I have plenty of equity but not enough time to get it these days.(corona) My partner wants 20% after 6 months. I’ve never used private money before. ...