FACT: Borrower asks lender a “favor” to increase their payoff as a way to get hundreds of thousands extra back but NOT given back at closing on HUD, rather under the table directly from lender to borrowers after lende...
Dear BP friends --I am thinking of buying a property for cash. However, I am concerned about using up all of my non-retirment money on a property deal. It's just scary. We obviously need to have an emergency fund f...
Does anyone buy properties without an LLC?
Hey everyone!My name is Hilary Catton, and if you don't know me, I am the Director of Customer Success for this amazing site you're currently on, BiggerPockets!My goal is to make BiggerPockets even more accessible, ea...
So I bought a property in 2018 from the foreclosure auction in Louisville at the courthouse.The house was still occupied by the original owner. When I went to talk to him he didnt believe I had bought it and thought t...
BEFORE I say anything. I want to be clear I am totally bullish on real estate investing. But I want to warn people that it is not what you think it is. And share my own journey over the last 3 years.Ok. Out of sta...
I haven't seen anything in the forums less than a year old about this, but here on phoenix I hear a commercial for Offerpad/Opendoor perhaps 4-5 times a day. Always kinda figured they must lowball quick cash offers an...
Has anyone taken the plunge and attended any of the "Advanced Training" courses put on by the Rich Dad Education company? Last fall I attended a three day seminar put on by Rich Dad Education, but because of the steep...
First of all, I really do appreciate all the helpful guides and discussions on here to help educate a new REI such as myself.We can all invision the statement "It is better to purchase 5 properties at 20% down, and fi...
I recently heard a remarkable story of a wholesaler claiming they picked up a house for 32,000 and then turned around and flipped it to a contractor for 54,000 within a span of 10 days.
The story is true; which leads...