I don't understand the term Equity. Can someone please break it down in RE wholesaling terms. I looked up the definition and this is what I got..... The difference between the current market value of the property and ...
I have 15 rentals in Colorado that I have bought over the last five years. Most of the houses I purchased from $80k to $130k, made repairs and rented for $1,200 to $1,600 a month. I looked at my last couple of purchas...
At my local REIA meeting, there was a sentiment from the more veteran players (particularly the mortgage brokers) that Fannie MAE/MAC will change mortgage allowance from 4 to 8 soon to help relief the number of forecl...
Real estate for me is always filled with new problem-solving opportunities. I do not think this topic has been discussed here on BP so let me throw it out there - lets talk about finding the buried bodies.
Let me ta...
What up BP?!I currently live in WA state and invest out of state for buy and holds. I own properties in Canton right now but I want to expand north up to the Akron market. I have done my research but at the end of the...
Hi, I have a prospective tenant who is a travel nurse on a 13 week assignment. The background check, credit check and eviction history came out fine.
But the candidate is refusing to provide a verification of income...
As a new investor I am trying to fill my "Toolbox" to close as many deals that come to me. I have come across many ways to invest. I have learned wholesale so far, but would like to have another option for those tha...
Property A was owned by LLC A 50/50 me and another partner. After five years of LLC A owning Property A, I created LLC B with two extreme-minority partners (0.5% each, as a formality for lending purposes) and bought ...
Hi, I’m a new agent and one of the brokers I’m interviewed with mentioned the opportunity to fill out BPO reports in order to generate a little bit of income while sales are slow. What exactly does does a BPO entail...
Hey BP,
So I just stated my first flip in Chandler Az! Super excited to hit the ground running. Contracts have been signed, closing is set to take place on the 20th of March. As an added bonus, the sellers sold the h...