Paula Shaheen
Naming the Business
We are just starting out as investors, and want to focus mostly on rehabbing and wholesaling. It's time to set up our LLC, and we need a company name. I've read quite a bit about it, and it seems to me that it is be...
Account Closed
Buying a house for cash flow or equity?
Hi,My husband and I are looking at two homes. One is in a bad area, but is cheap and would require some renovations (cleaning, paint, and a couple new windows, etc), but provide quick cash flow ($50,000 + $20,000 reha...
Chris M.
In a really tough spot - uncertain what to do - advice needed
Hey guys, so we have a closing scheduled for this coming Monday, and I need to wire $24,000 to the closing company for this house today (Friday) to have the funds reach on time for the closing. This will be my first h...
Dimas Espejo
Friend and His Grandma are Moving Into my Rental
Hello My Fellow BP Members, So I have a friend, who is in desperate need of a place to live. He doesn't make enough to pay the rent on his own, but is moving in with his Grandma as well, who receives a Soc...
Carol Venolia
How do you cope emotionally with nasty tenants?
I'm one year into being a landlord, and I loved it for about the first six months--in spite of numerous challenges. I could handle it! My motto was "Nothing's gonna stop this cowgirl!" I rode high in that saddle.But t...
Lauren Van Riper
Tenant wants extension - you will not believe the reason
Long post - HELP.I got an email this morning from my tenant that I sent a non-renewal letter to last month. I gave this tenant an extra month to find new housing as it is very difficult to find housing here. She has ...
Daniel Nguyen
Foundation has issues, should I still put an offer in?
Triplex is being offered at 115,000 but it has foundation issues, and the previous transaction got cancelled after the inspection reports. However, after analyzing data it provides excellent cash flow of about 14.5% C...
Lesley Resnick
Stop rooting for the end of the world!
Collectively, WE as RE investors and Americans do not want a wreckage of our economy and RE in general. Many people are gearing up and cheering for the end of the economic world and think they will automagically beco...
Matt Sturm
Made an offer on a bank owned propoerty
Hi- I've made an offer on a bank owned property. I was then asked to give my highest, best offer. I provided that (only 20k away from their asking price) I just received a notice that they countered at 1k less tha...
Jody Young
Direct mail library for probate campaigns
I'm curious about the content of the letters that my fellow BP'ers are sending to probate leads. Since frequency is important over time (until the property sells or the deal is done), does everyone send the exact same...