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I was looking at the MLS today and thought of something interesting. What if I offered a lease-option to those houses that have been on the market for a long time (at least 90 days)? I fell like those sellers have a...
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Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
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Good day BP!!! I am screening my 1st tenant and she seems good on paper ... so far. She's given me her pay stubs, ID, completed application and the app fee. I've verified her employment with HR. She's been with th...
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2008 and 2020 are both years with unprecedented events that impact the economy, and hence real estate.History repeats itself, so are some lessons learned.For real estate investors who have lived through 2008, my quest...
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My current tenant is buying a home and vacating in 3 weeks. I’m weighing whether to sell and 1031 exchange into a different market, or stay the course and get a HELOC in place as soon as we turn it over (in preparatio...
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Hi all,
I’m interested in purchasing my first property by way of house hacking a multifamily property. I’m pre-qualified for a mortgage. My question is should I pay down debt (student loan, car) before investing or j...
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Hi everyone, My wife and I have been saving up to make our first move into real estate investing together. Our plan is to purchase a buy-and-hold property with long term renters. We are looking for properties under $3...
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Rich and a few others have posted on this already and I read through those threads already so please don’t cite them here.
Is there any value in setting up a series LLC from an asset protection standpoint? My un...
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I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...
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I'm sure many have heard the numbers recently that the median net worth of individuals in the United States has dropped 39% in the last three years. I'm just curious how BP members have fared during the same three-yea...