Marc NA
Has anyone profitted from buying from lease opt or sub to?
from a buyer's standpoint, has anyone dealt with a seller that offered you a lease option and you turned around and purchased the property and benefitted from the equity?not talking about sandwich deals, or rented the...
Randy H.
Help!!! What do I or should I do?
Wow! Where do I start? My minor kids live in a rented home in FL with their mother, and my ex. The landlord suffered two heart attacks, and hasn't been able to work himself. The home just went into foreclosure. M...
Kelly Conrad
Renting to someone with Chapter 13 BK
Hello!I know there are several different feelings on this, but I wanted to get some input. If a potential tenant has filed Chapter 13 due to needing to withdraw money from their 401k accounts to pay for the funeral ex...
Francis I.
Licensed vs Unlicensed Contractors
Hello BPers!I have a property in Charles county MD under contract, which the numbers work really well. Purchase price is $51,500. ARV is $230,000+. Rehab estimate is about $70,000. HML loan at 3 points and 13%. I am d...
Phineas Howie
Screening Waiters & Waitresses (Servers)
It's a good idea to have a minimum income requirement for your rental, and that all income be verified. But when screening applicants who work as servers in restaurants it can be difficult to verify their full income....
V Simmons
How does the current market affect wholesaling?
I would like to start wholesaling properties, but I am wondering if it's the right time. Due to all the foreclosure in the Atlanta area, I wonder if investors are sitting still. Also, I would like to learn how to read...
Syman Scarpellino
CA multi family low down payment help
(Help with low down on multi family) Hey BP, you guys are my go to for information and guidance. I’ve gotten myself into a little bit of a bind. I am buying a property with hard money for $350,000 (100k down), will re...
Becca Pariser
Seller Financing on the MLS asking 20% down
A listing came up on the MLS in our neighborhood for a great duplex. The listing says "take advantage of seller financing with an attractive 5% interest rate. A minimum of 20% is required."I've never seen an MLS / sel...
Roselyn B.
REO Speedwagon
Hi, all. I've been reading threads on here for a while trying to absorb what I can, but this is my first post. I am a first time homebuyer, but thought I'd ask this on here since you folks have a lot of experi...
Herndon Davis
13 Rules to Vetting Private Money Lenders
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...