Jonathan Beemer
Oklahoma, Tulsa auctions
Thinking about going to the auctions in Tulsa to purchase first properties.
Anybody been and have some advise on what to expect.
How many people usually show up?
Is it 10% or 20% down on the winning bid?
Can you get ...
Hanlin Li
Risks Working with unlicensed contractor
Newbie here, I’m remodeling my first house in CA (Water, electricity, furnace etc). And this contractor my friend recommended is not licensed but will get all the permits through his boss’s license. His boss will also...
Jimmy Woodard
Contractor in Chicago
Anyone recommend a good contractor in Chicago? Preferably one that has worked with out-of-state investors. Thank you in advance!
Robert Feinstein
Services In Exchange for Partnership - HELP
Hey BP nation, I have a question and could use some advice. I am an architect, designer and project manager with over 25 years in the business. I have owned rental property, flipped a few house in NJ. I am now current...
Jared Schott
Long Term Rental by assuming loan; risky idea?
Hi folks I previously posted about a 5 bed 4.5 bath house for sale at 590,000 and has been up for 60 days. This house has an FHA loan that I can take over and all in it'll be 2k/month. however, the amount left on loan...
Jeff Warner
Buyer has 40k to put down
I have a house under contract for $115k. There is an existing mortgage on the property for $80k. I listed the property for $119k and I got an email from a buyer asking if we can carry if they put $40k down. Obviously ...
Vlad Denisov
Interest only loans?
Hello everyone!Question to people who own 16+units - what type of loan do you use? Do you always go with interest only or not? What is your train of thought behind this?
Carrie Westover
Tenant bankruptcy impact on landlord
Assuming a prospective tenant has shining references from previous landlord, over sufficient income for rent, but bad credit (following divorce, etc.) and possibly considering bankruptcy to begin rebuilding credit, wh...
Ian C.
I need some advice on a 1031 exchange
Need some advice: Doing a 1031 exchange from LAX to PHX. Property will probably get 5.6 million to use for exchange. Want to buy 3 properties with a loan. Any recommendations such as accommodators, things to watch out...
Chris Wang
Rental property risk averse
As a new rental property investor, I totally agree with Turner Brandan's statement in <Rental Property Investing>, you would be sued sooner or later. Though we can control the risk by screening the tenants care...