I’ve heard that people lose everything when they’re overleveraged. When would you say people lose their shirt in RE investing, when debt to equity ratios are to high or when their debt to cash reserve ratios are too h...
Hello BP! I am one step closer to officially being an investor. I have been presented with a promissory note secured by real estate by a borrower, but I am very nervous about how to proceed with the drafted note provi...
Hi
I have a renter lined up for my first rental property. At the beginning of January during the screening process, we spoke with current landlord and he gave a very positive recommendation for this tenant -...
I recently received a call from someone about a house I have for rent. The call was from another state. In the past, I didn't receive many out of state calls because people were leaving Michigan by the truckload and f...
Here's my "take" on the market - and my question:
Will hard money continue to get cheaper? We see a continual pattern of huge amounts trust deed investment dollars chasing a smaller number of loans.
Rates in the si...
We had the REIA meeting yesterday. DBPR was kind enough to send an investigator down and cover the topic: what constitutes unlicensed brokering. She did address one specific case where the file has been turned over to...
I just put in a new washer and dryer a few months ago for a 12 unit buidling and things were going great. Tenants were happy with the new machines & I was generating a little more laundry income!Unfortunately, I j...
Hello everyone, I am interested in wholesaling at this moment and want to learn as much as possible. There's tons of information out there and I would like to take in as much knowledge as people are willing to share s...
Hi BP team!!I placed my very first cash offer on a SFR yesterday. I read and signed all contracts, included my Addendum stating I have the right to wholesale and forwarded a Proof of Funds letter received by a lender....
The more I read and learn about investing, according to the bigger pockets strategies, the more questions I have.Wouldn’t renting in a low economic area, where homes are selling for under $100k, wouldn’t that also inv...