Account Closed
Can I do this and how?
I want to get loans from people that I pay them yearly interest on. Can I advertise for this? I was thinking it would be kind of like a CD with a 6%+ intrest rate. I am looking at trying to grow my business faster nex...
Dave Miller
Financing Insights from Retiring Mortgage Guy
I have been a mortgage originator and survivor for 25 years. I am retiring in September while I am still sane. During my mortgage career, one of my lending niches was investment property financing, so I have a very go...
Account Closed
What is a good yield/cap rate?
Hi all,So I've been scanning BP for an answer to this, and it seems that a good yield would be in the mid-teens and a good cap rate would be 8-12%. Can I confirm this with fellow BPs?(I'm aware that obviously these nu...
Mario Malpelli
Bound by lease advice
Hi there, I rent in Queens NY and signed a 2 year lease as I got a good covid deal on a building I would otherwise not be able to afford. My lease does not end until January of 2023. I'm new to REI but have been educa...
Dylan Burnett
Who is buying stock in oil companies with these low prices?
And what do you think of these oil companies and their low stock prices?
Daniel Okunbor
Tenant drove car into property before moving out: advice please
My tenant just before she moved out of the house, drove her car into the house and caused a lot damages. She called at the middle of the night lamenting over the incident pleading that it was an accident. I instruc...
Corey Dutton
R.E. Investor Hesitates to Back Out of Deal to Save Sunk Costs
There’s a term in business and investing known as a, “sunk cost.” When entering into a real estate acquisition, an example of a sunk cost could be money spent on inspections or on other due diligence, time spent in an...
Jason E.
Horror Stories And Overcoming Fear
Ok so I want to get into real estate investing. But I have heard so many horror stories. I don't have a lot of money and my current cash flow is very low. But I thought I could save up enough money to cover a few m...
Scott T Brady
Possible to buy a non performing 2nd to stop 1st foreclosure?
I'm working with a seller to stop his foreclosure; the 1st (Wells Fargo) has been in default for over two years, foreclosure is scheduled April 1st, they are still interested in being reinstated. A 2nd (US Bank) is a...
Memi Lee
First triplex need some advice
Hi everyone I just purchased my first triplex in Ohio, I'm needing to find out if I can collect past due rents since I just acquired the property Feb 1st. Two of the three are behind. In addition where to find new lea...