Corby Goade
Late Fee "grace period." Why?
Most leases I've seen have a "grace period," rent is due on the first, but a late fee is not assessed until the 3rd or the 5th. We've had this in our leases and it has not served us well, and to be honest, we have inc...
Dakoda Spencer
How to acquire REO's as investment properties
Hey all, I have a simple question.
I want to purchase an REO as an investment property but I'm not sure of the process. Do I need to be sure to tell the bank that it's going to be a rental or does it matter? I plan ...
Richard Chapman
How can I help someone who is in pre-foreclosure without taking advantage of them?
Is there a way to help someone sell their house or use some sort of wrap-around financing to sell their house and get back a portion of the sale or payments for myself?
The owner has some equity but I don’t want to s...
Ron Thomas
What no one says about using OPM (other people's money)
If you read real estate investment books, articles on BP, listen to podcasts or just generally find yourself learning about real estate investment then you will notice a common thing that is almost invariably mentione...
Devan Mcclish
Closed 3 Houses Today!!! $$$$$
Today was a day that we all look forward to in real estate. It might not come very often, but when it does, it's a great day. It's called payday! I closed three houses today alone. Below I will walk through the deals ...
Robert Howell
Is this note fraud?
I bought a non performing note in Kansas City. It is an institutional note that was originated in 11/2006. Next payment due was 1/2007. This was an investment property. I believe the borrower cashed out the propert...
Account Closed
Want to start Spec Build before closing??
I have a lot under contract that the seller can not sell until July 10. Seller bought the lot last summer before things picked up, and now realizes he can make a small gain by selling on long term capital gains. He ...
Jordan Hamilton
1st Deal - Who Gets What -
Hey Everybody, I am in the process of landing my first multi family apartment deal (aiming for 16 units) in Florida. I have my investors who are ready to 1031 out of their existing single family rental property (worth...
Ryne Pope
Young New Real Estate Investor
Hi All,My name is Ryne Pope and I am new to the BP family. I've listen to numerous podcast and have a number of the books written by the BP staff. Just like many others I was bit by the Rich Dad Poor Dad bug at the be...
Alex K.
Los Angeles too expensive to invest for newbie ?
I live in Los Angeles and I am trying to find my first deal to buy and hold . Should I look for deals in Los Angeles or out of state ?