If I can negotiate the payment of full asking price in exchange for only 5%-10% down with the balance carried at 6% by the seller, can I assign the option for a fee? I would not really be providing a discounted proper...
Is there anybody here who allows tenants with bad credit, but charges extra rent/deposit? The standard advice is simply to not rent to tenants with bad credit. But can you make extra money by taking on the extra risk,...
Hello BP Team,Throughout my decade long Military career I've seen dozens of friends unwillingly forced into the role of landlord or end up writing a check for thousands of dollars, $12,000 in one scenario, to sell the...
I see a lot of questions about financing and starting out and thought this would be a good discussion to start.
Like the subject says, how did you finance you first deal?
I own properties in the west Houston areas of Katy and Cypress. I've already been notified by one tenant that they may have trouble making the September rent payment due to not working this week at all. None of my pro...
I recently inherited some multifamily property and the longtime property manager has leases set up with many different due dates. About half are due on the 1st, some on the 15th, some in the 20s, etc. The main reasoni...
Is this a deal breaker for you? Is it an automatic disqualified? Or, do you take it on a case-by-case basis?Here's some background info on my situation:Renting out a townhouse in a decent, working-class area, some cri...
I am getting ready to close on a property I put under contract about a month ago, the owner was very accommodating in letting me do my due diligence based on the condition of the house. I have so e questions about...
I thought I would tell my story so far on my first non performing note. I have learned a lot by reading on these forums so I thought I would share my story.I found a non performing 1st lien on FCI. It was in an area o...