Stephen N.
Just don't understand wholesaling
1. If a deal is really a good deal why would you want to wholesale it to someone else? It just doesn't make sense me.
2. I hear about people who wholesale REO's. How is this possible? Why wouldn't investors who bu...
Jake S Mckinney
Local Banks - No Long Term Loans
Some context:My primary strategy is small multi-family. My secondary strategy is that I’m starting a wholesale business to fuel some long-term SFR rentals. I’m looking to buy about 15-20 SFR in the next couple yea...
Christina Russo
Property Mnanagers- select tenant with or without owner approval?
Looking for some insight from both owners who have used property managers and those of you who are property managers. We manage a portfolio in LA that is very boutique, mostly mom and pop landlords. We have given owne...
Lindsey Vargas
Do you pay attention to arrests that were dismissed in court?
I have narrowed down my applicants and would like to accept a couple who both have good jobs. I just ran the background check and it came up that the husband has a child endangerment charge that was dismissed and a do...
Jenny Cashin
Real Estate partnership gone bad: What is Fair Division Of Assets?
Hello,
10 years ago I bought a 4 suite building in Brooklyn with my best friend. We agreed at the time (verbally only, because we were best friends) that either party could get out of the venture after 3 yea...
Chris Henry
Refinancing FHA Loans
I used an FHA loan to buy a house hack in October 2021. This was a value add property and considering appreciation over the last year, I should have some equity in the property. I'd like to refinance and use the FHA l...
Aaron K.
Scary applicant: Should I just cut contact with him?
This is about a person who has applied to rent a house. He is charismatic and likeable, talkative and seems genuine. His income and personal references check out. However when I ran his background check, he was succes...
William T Carey
Contract on a house. Tell me I'm great or that I suck.
I have a contract on a multifamily 4 unit. And I'm wanting to validate my decision to jump on this deal by seeing what you all think. This is my first investment purchase.
Listed at 279,000
Negotiated to 240,000 w/ ...
Doug Vigliano
Lease-Options in Texas
I've hear that Lease Options is an issue in Texas? I am moving out to Austin next summer due to work and was hoping to find a property to rent but also see if the property owner would offer an option to buy. Is this...
Jonathan Tavarez
Can I do seller financing after refi?
Hi BP family,I have been wondering; if I have a house and I get refinance with a bank at 80%, can I then sell the house to someone else with seller financing? In my head the refinance is just a loan with property as ...