Bill Zepeda
Verifying Income for applicant
Hi All,I have an applicant that is a subcontractor and wants to use bank statements to verify income. I'm concerned about the validity of this and I'm curious if anyone else has encountered this situation. My first ...
Xavier Xthrax
Direct Mail-toDeals convertion ratio
Planning on doing direct marketing using post cards to open code enforcement address. I have a LOT of address but wanted to poll you guys to see what your Direct Mail-toDeals conversion ratio is. I dont consider respo...
Blaze Pavars
Real Estate in Roselle Illinois
Hey guys, I am considering purchasing an office building in Roselle Illinois.
I am from Toronto so I am not to knowledgeable about what that area is like.It would mean the world to me if somebody from Illinois can ma...
Samantha P.
Having the kids help
I would like to have my 11 year old daughter help out with my real estate business in some way so that I can pay her and she can be a business expense. Is anyone else doing this? What are you having your teens and pre...
David Drew
Taking Over Payments
Hi BP. I am a REI in Binghamton, NY. I'm currently receiving a good stream of leads for owners who want to sell their homes. What I'm finding is that many of them are either under water or have a mortgage owed whic...
Robert Wright
Off market, vacant property left in trust to a divorced couple.
I have a situation I am sure a wholesaler has been through but I have no clue how to proceed. I have a neighbor 2 houses down who the house was given in trust to him and his wife from her father. The owner listed is b...
Dalton Osmanski
Not using a Qualified Intermediary in a 1031 Exchanges
I have recently come across a situation in which someone sold their investment property and didn't follow all of the 1031 exchange procedures completely ( they received the funds directly after selling their investmen...
Anthony Nici
Asbestos
Hi everyone. I have been a member of BP for a few months now and I have come across a problem. My bid was accepted on a home that was built in the 50's. The inspector said there is asbestos in the 9x9 tiles in the bas...
David Korte
What to do ... what to do ??
Hey everyone I have a bit of a dilemma. I have a TSP (Thrift Saving Plan, from the Gov.) Kind of like a 401K. I would like to use it to do some flips. I have been trying to get a HM loan against it, with no such luck...
Brian Naumann
Is it worth it?
Hi everyone, I am new to BP and Real Estate investing so bear with me. Is it worth it to invest in a washer & dryer in a rental property as a way to increase NOI? My thoughts are it makes the property more desirab...