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Realtors loaning commission @ 2.25% rate post closing 2nd mtg
Anyone ever heard of Realtors loaning the commission @ 2.25% interest rate as a Cash Out 2nd mortgage above 97% CLTV post closing? Example: 500,000 purchase x 3% $15,000 commission- 5,000 for tax realtor has t...
Daniel Whitmore
My Financial Snapshot - What Would You Do?
How does one decide how much capital to invest in their first deal? What percentage of your total assets should go towards a down payment for deal #1? I feel I should plan for the worst and be as conservative as possi...
Rigoberto Medina
Newbie from Corpus Christi, Tx
Hello everyone, my name is Rigoberto Medina and I live in Corpus Christi, Texas (everyone just calls me Tony, it's a lot easier). I currently work in oil and gas as an authorized inspector and this is my first post ...
Robert Burns
Marko Rubel Wholesaling Program
I just listened to Marko Rubel's "Profit Grabber" webinar and he said it will work for wholesaling as well as other types of REI strategies. Has anyone used his program and if so, what is your opinion?
Rob Lee
Should I buy a property with non paying tenants
I've found a few deals but the properties are inhabited by tenants who are either in the process of being evicted or they need to be evicted for being behind on rent. Should this stop me from buying the properties? Wi...
Babek Sandhar
Price Target for adding to Properties if a Recession hits
Hey everyone.Just wanted to gauge sentiment here. If you are planning on buying property on the next dip, what percentage decrease (I.E. 10%, 20% decrease from price highs) would you target for adding to more properti...
Jason Merchey
A Person Who Represents Himself Has a Fool for a Client?
You've heard that old adage about a person who tries to represent themselves in a real estate transaction has a fool for a client....
I think the market is pretty strong in my neck of the woods, and I am aimi...
Nathan Gesner
How are you handling non-paying Tenants?
There are good tenants falling on hard times...and then there are the bad Tenants.When a good renter falls on hard times, they communicate with the Landlord or Property Manager regularly. They seek advice and assistan...
Eddie Atkinson
Low response rate from direct mail campaign (Atlanta metro area)
Hello! Last month I sent out about 500 postcards to absentee homeowners in various zip codes around Cobb and Cherokee counties in Georgia (Kennesaw, Marietta, Woodstock, Canton, Acworth, etc.). I received 4 responses ...
Lisa Koff
Where to start with REI? Mentorship?
Hello everyone! My name is Lisa and I am completely new to BP and completely new to REI so my sincere apologies if this is in the wrong place or if I am repeating what others have already spoken about. I took a 7 day ...