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Here's the the deal: I gave a $5000.00 loan to family member who need to finish rehab work on a flip. I had my attorney draft a contract for the loan and we agreed on 20% interest with the full amount of $6000 being d...
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I am submitting a written offer on a property here in California, which I have not determined yet if I will wholesale or flip. I am a licensed and active Realtor in California, and can use a CAR purchase agreement. Sh...
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Bigger Pockets Family! We we have a dear friend who is in a financial pickle and has offered to sell us his out of state 3 bed, 2 bath home for $290K (currently listed for $300K). Loan is assumable ($182K balance at 3...
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Hello all,I see a lot of questions here on BP forums about rentals in Philadelphia and landlord-tenant rules. I put a list of links together for new investors to use and see what you need to rent a property in Philade...
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Hi all, well I have been looking into another short sale recently. I put in a bid along with 3 other people (2 months ago). I was the highest bidder and the bid went to the lawyer and the bank. A month and half later ...
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Hello BP,For those of you that have deals under your belt, how do you document it?Do you have a folder with before and after pictures with a copy of all the contracts? Or do you just have a simple excel sheet with the...
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Governor Gavin Newsom has signed AB 2801, a law requiring landlords to provide photo documentation when making security deposit deductions. Originally drafted to prevent landlords from using security deposits for clea...
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Title says it all - how much do you, private lender, pay for attorney's to prepare your loan documents (contracts, promissory notes, deed of interest, etc.) and where are you located?
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Tenants wishe to break the lease and I want them out but I'm not sure what document to use for this. They want to notarize a mutual termination of lease agreement. Any suggestions? And what should it include? Tenant a...
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I'm fixing to contact the seller of a 14 Unit Complex. My question is what records should I feel comfortable in asking the seller to produce, so I can do diligence. Thanks in advance