Johnathan Norman
Banks not wanting note investor accounts
Not sure anyone else has run into this but I wanted to share. The books I've read didn't mention this and its becoming a bit of a pain. It seems many banks simply do not want business accounts with LLCs holding notes....
River Sava
5 Terms You're Too Shy to Ask About
Hey Everyone – I’ve been interning this summer at a private lender in the real estate space and have put together some of the tricky concepts that are commonly used. Thought I’d share five that I’ve come to understan...
Sue Bishop
Security Instrument Type?
Hi,With regards to the title topic.I am looking at buying a SFR Note in Memphis TN.And I don't know whether the Security Instrument Type is a Land Contract or Deed of Contract or other?Would someone plz advise on how ...
Stuart Grazier
Do I need a brokers license to sell fractions
Hi BP,I've been given an opportunity to buy multiple rounds of single family performing notes in Texas (1st & 2nd positions). Most are around the $100k-$125k range (9-10% yield). Unfortunately I am out of cash to ...
Adam Hinkley
New landlord don't know what to expect
Hi all,New to BP and new to be being a landlord as I close on my first property on Friday. It's a duplex that will be owner occupied. I have a few questions about how I should proceed in the first few months of owning...
Nicholas Jose
Lost rental income: use reserves or insurance?
Good afternoon, BP.When you start out and buy that first duplex (or other multi-family property), would you rather A) save enough in your reserves that you're covered for at least 6-months' worth of lost rent? or B) u...
Ian Loonce
Tenants boyfriend over every day, laws on this?
A tenant has her boyfriend over everyday, most likely staying the night. The car is always there.It's been there every day for 2 months since she moved in. He technically has is own dorm room at the university.Our l...
Chris Eaker
Commission when purchasing an apartment complex
Hello All,I was discussing a property listed by a Marcus and Millichap broker and mentioned sending an offer in through my agent who is with a different company. She said that I would have to pay him since they don't ...
Brenda Hernandez
Looking for an affordable but good bookkeeper in my area
Good Evening and Happy New Year! I was wondering if anyone knows of a good bookkeeper that can help me get my 2023 books in order and maintain my 2024 books? I am in the state of MA but have properties in Ma, GA and S...
Joel Odegaard
Newbie from North Carolina
Hello,My name is Joel. I recently moved to Wake Forest from Las Vegas with my wife and daughter. I'm a respiratory therapist working at Duke University hospital. My wife is a speech language pathologist. I bought in 2...