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I owner financed a house to a family with only $2500 down and they didn't even pay the first months payment.The title is under my LLC.They have a simple 2 page promissory note that we signed.On the note I mentioned if...
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I have a meeting on Sunday with a potential silent partner who may be interested in investing in real estate with me. Im looking to use the BRRRR strategy. What can or should I offer him so that its fair for both of...
A friend of mine is leaving the country for 2-5 years. He has a little 3/1 with considerable equity. He's considered selling but he doesn't trust himself with all all that money cashed out. Knowing that I am getting i...
I am currently buying a Personal Care Home. I have about 90% of the price we agreed upon (200k) of the land contract paid off. I am currently running the home and it is profitable. After it is paid in full, the deed w...
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HelloCan someone help explain the process of using IRC Section 408 to buy investment property. I have some money in my mutual fund with Vanguard that i want to use for a down payment on a rental.any suggestion would b...
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Hi,
I am a small investor and i am very new to BP. I currently own 2 properties in the dallas areas. Fortunately i have some cash that i wud like to lend to someone. I wud like to know what afe the possibilities and...
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My wife just purchased our first home. we plan on living in a guest suite and renting out the main house short term. My question is, is it possible for me to lease the property from her and I sublet it out? We live in...
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The topic of loan servicing came up in another thread here on BP and to more fully respond, I thought it was best to do so as a new topic.
I strongly advocate the use of a loan servicer for any installment contract o...
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Hello everybody!!
I've been on this site for a couple weeks and doing a lot of research to get started in investing in multi-family units. I'm starting now to look for recommendations to build up my team. I'll be h...
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I must say that I find the idea of purchasing Non-Performing Notes to be somewhat fascinating. With a degree in economics and a stint in commercial finance, the complexities of the moving parts attract my mind's inter...