Kyle Marsh
How Low is "Too Low" for a Low Ball Offer?
I understand this is a very vague question, but does anyone have a rule of thumb when it comes to low ball offers? If you want to put an offer in on a property just as a "shot in the dark," is there a certain percenta...
Armando DeGuzman
Square Footage Discrepancy
I have a fix and flip property under contract and am still in my inspection period. During my due diligence I discovered that the assessors office has the square footage of the house at 2342 sqft. This felt a bit of...
Phil K.
FHA on a home but have rental property
Hello,I've been doing some research but I'd figure I'd post and ask as well.If I were to have some properties that say I BRRR'd and had under conventional loans, but were not owner occupying any of these would I still...
Ellyse Jacobs
Contract and contingency language
My partner and I are working with a Realtor who has helped us locate a bank owned single family home in a good neighborhood that we are looking to flip. The house is generally in good shape with mostly aesthetic updat...
Peter Morgan
Solo 401k better than SDIRA for my situation?
Hello,With the stock market doing so poorly, the 401k from my old employer took a beating this year and I realized I did not have much control to take over any damage control. So I initially was thinking about opening...
Brianne Leichliter
Partnering with Private Lenders - Strategic Partnership Agreement
Hello BP fam!
I have a situation where I have a "partner" who is my private lender. Neither of us have any interest in being under the same LLC. We act independently but have a business relationship. He finances t...
Derek Meyer
Duplex Appraisal Question
My wife and I just bought our first duplex. With our local market we got into a bidding war above asking price but I bet that others are not considering the recent hikes in rents in my area. Purchase price: 283,000Ren...
Cherie Pierce
Any ideas of how to structure a loan for this scenario.
I'm currently renting my primary home as a STR vacation home in SW FL.
I want to buy a primary property in another state and convert my existing property into fulltime vacation rental and use the cash flow from that ...
Jane S.
part time resident not paying rent or on the lease
The applicant's son has a girlfriend fiancee with his baby. She & baby lives with her mother but might be spending weekends at my rental with her fiance. She will not be on the lease. Supposedly they are getting m...
Jay Neal
Revocable land trust
If I'm wholesaling a property in a landtrust will the beneficiary name show on the hud report or title. I have the most bizarre situation I'm dealing with.