Bryan Hancock
Structuring "Bubbles" For Seller Financed Notes
I was wondering if any on here have successfully used bubbles for structuring seller financed notes. The concept is to get a small balloon payment for less than the full amount of what is owed on the note to meet the...
Garrett Hawk
Landlording in Class C Neighborhoods
I am starting to invest in Class C neighborhoods for the first time. (Previously stayed in Class B and above)What are some recommendations for screening tenants and rent collection?(Bigger deposit? Background Checks?)...
Mann Phan
Drowning in repairs, any advice would help
Hello fellow BiggerPockets members,I find myself in a bit of a bind with my real estate investments. Last year, I took an aggressive approach and purchased six rental properties in the Midwest, specifically in the Cle...
Minna Reid
Rehab to rentals
Ok so I'm looking at one of these...needs some lighter rehab maybe 20k. It's a duplex, rents for the area are about about 1700. They are not way far off from my max purchase price of 80-90k (including rehab costs)...I...
James Madison
cash bought Primary residence to rental; capital gains and costs
I've read through 10 pages of threads on conversions trying to answer my questions and haven't found the answer I'm looking for.
Here's the background.
Primary residence (from 2011) purchase price: $10k...
Jacoby Atako
Renovating out of state property
Hey guys, I'm looking to purchase 2-3 single family homes out of state. Up to this point I've only owned my primary residences, but I've been able to save up about $150k that isn't doing much in the bank.I still have ...
Sal G.
All Cash vs. Mortgage
I've signed on a $655,000 condo on the upper east side of Manhattan and we are set to close on Feb 1. Taxes, common charges and insurance will run about $1000 a month and I've found someone to rent it for $3200 a ...
Thomas Lam
Qualified Intermediary - What happens if 1031 doesn't go through?
I'm looking at doing a 1031 exchange on a property that I'm selling on a short notice due to an unexpected offer. I nervous about finding the "perfect" investment replacement with only a few weeks to identify the prop...
Gary Bailey
Ohio Division of RE investigators cracking down on wholesalers
We've noticed a significant uptick in investigations, particularly in the Cincinnati area, by investigators for the Ohio Division of Real Estate. The division employs 12 total investigators and a number of supervi...
Jeremy Sanders
Performing Notes
I have a few questions in regards to purchasing a Performing Note, What does UPB stand for? It is a percentage down on the actual asking price of the Performing Note? Also if a percentage is not being requested, ar...