Gino Cook
what to do is this even legal
I bought a house for $63000 7 years ago I owe $51000 now and value of home went up $10,000 since I bought ..its a owner finance my friend owns house will appraise for $84000 -$90,000 should I try to get a mortgage for...
Andrew Votsis
De-leading vs. encapsulating
Recently purchased 3 family in Massachusetts. Old building obv not de-leading. This being buy and hold I wanted to get some perspective on what fellow investors have found works best. The building itself needs vinyl o...
Astrid Dymond
Applicant offers to pre-pay a year's rent in cash
I just had a prospective tenant tell me that he would want to pre-pay the yearly rental fee in cash upfront because "that is just the way he does business." My gut tells me that this is a red flag. I would still scr...
Account Closed
Transfer Taxes on Double Closing
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
Anish Patel
Hoping to BRRRR. Thoughts on these GC Bids?
Hi everyone,I'm in contract for this property with a couple business partners. Inspection came fairly clean, but as you can see there is plenty of work to be done. I'm in the process of collecting bids from GCs, but t...
Kayla Scordo
Flip or flop? Advice needed ..
Hello BP Community,My boyfriend and I are considering a flip and would like to get feedback from this amazing community. Our backstory: we are interested in flipping so we can build up our capital reserves and then mo...
Jacob Thompson
Private lending, defaulting, repair phase questions?
New investor here (still looking for my first deal) and I’ve got just a few questions...1.) When it comes to PMLs/HMLs which would be better to utilize starting out? When is a time each is more affective?2.) Would you...
Brandon McCombs
tenant in jail before he can give me forwarding address
Hello,I have a tenant and rental unit in Ohio. My tenant moved out Nov 30 and said when I'm ready to return his security deposit he will give me a forwarding address at that time since he doesn't know where he will be...
Chris Mason
First wholesale deal. Traditional mortgage. *100% BPers.*
This was a unique transaction, and as much as I'd like to say I've "been there, done that, seen it all," this was my first transaction involving a wholesaler. Cast of characters: Account Closed - Wonky-deal-friendly e...
Daniel C.
Using fully finished basement as "Duplex with separate entrance"?
I'm looking for some input. The property is around Cypress Hills near East NY which are supposed to an up and coming Brooklyn neighborhoods. It is a legal 2 family with two apartments and a fully finished basement. ...