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Hello BP,This question may only make sense for Detroit landlords...in other markets it will sound idiotic. I have an occupied property I bought in the tax auction. I had initially worked out a deal with the previous o...
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My husband and I have been successfully running an Airbnb in our primary in NY for almost two years now ( what @Ben Leybovich now enjoys and promotes in his book). We confidently purchased another luxury home in FL fo...
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Hello,I recently met with a mortgage lender who prequalified me for a $250,000 FHA with 3.5 % down for an SFR. If I were to try and purchase a multi however they told me that they would want 20 % down. I would be livi...
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What are your thoughts on a partnership agreement for rehabbing / selling? More so I'm talking specifically about silent partners, who want to take a profit but not do any work.
How would you structure this agreemen...
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Hi all!I was wondering if anyone could offer some insight on owner financing when the owner is elderly. For example, I am looking at a rental property an elderly gentleman might be willing to sell to me using owner f...
I'm familiarizing myself with the foreclosure market in Northern Virginia, specifically Fairfax County and I have a question on obtaining the cash for purchasing a foreclosure at auction.
This may not be unique to on...
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For the past five years, I have been providing private loans to a builder for new construction projects. Our agreement has typically been structured as an interest only loan, where he puts down 25%+ when purchased and...
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Hello BP members! Does anyone have a sample estoppel letter they'd be willing to share? I am purchasing a duplex tenants in place. Thanks in advance!
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I am about to purchase my first rental with a partner. I will be doing the property management for the rentals I buy with my out-of-state cash partner. Do I charge my "Property Management Company" a fee for the servic...
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I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...