Phillip Faries
Downgrading houses 5% vs 20% down payment
Hi BP nation,I'm trying to buy my 3rd property but don't want to pay the 20% downpayment. I figured I would just move from my current place and rent it out, while moving into the new place, thus taking advantage of th...
Brock Nelson
Any Phoenix area Real Estate Developers on the forums?
I have some questions about developing a lot for a fast casual concept next to a McDonalds.
John Arcana
Can I evict?
Forgive my ignorance, I've only 2 rental properties. One I've had for almost two years and another since June 2015. I have a tenant that has basically refused to communicate with me. He told me (via text) he pays is r...
Garrett Strating
401K Loan @ 4%...fund down payment and receive the interest?
Hi all! Been scouring the forums and web around this topic and wanting to see if anyone looked at a 401K loan from another lens. While I understand some of the drawbacks and implications of a 401k loan and the fact ...
Chris Armstrong
Thoughts about what to do with cash flow, reinvestment and growth
I just want to get the perspective of some folks who have a little more experience in this area than I do, I would love to know the other perspectives that I am not seeing. One of my favorite quotes is " you don't kno...
Susan McCormick
Land contract or option?
Selling a mobile in a park-no land to a young couple, want to finance for 6 years, 7% int., $1500 down, sold as is, pymts. 300 mo., they pay lot rent $300 mo and ins. (policy made to me?) and taxes. SO , Q: which is t...
Jesse Streett
buying a foreclosure. What inspection's should i get done?
hey guys,So i put a cash offer on a forclosure $80,000 ranch style home built in 1993 it has been vacant for almost a year now. My dad is a contractor so the inside of the house is taken care of as far as remodeling w...
Shewp Gittens
Calling all experts: Newbie trying to get creative
So I just listened to the BP webinar and am trying to figure this out. I live in Hollywood, FL and pay $1400 in rent. There are quite a few properties in the area for under $100k so the mortgage payment would be consi...
Steven Mitchell
how do you protect yourself from cut floor joints?
We recently bought a house, after getting two foundation bids, a stinker with cut floor joints. This added another 10k to the rehab and killed the deal for us. How do you guys protect yourselves from this? We talke...
Clarence Bell
Attorneys for Building Code Violation?
Hi everyone,I just recently received a building code violation summons from the city of Chicago and had a question. Do I have to appear in person or if I can have a family member represent me on my behalf and/or just...