Account Closed
Max Closing Costs Allowed to be Paid by Seller
Hi all -The mortgage agent who approved me for a conventional mortgage and agreed to have the the mortgage underwritten (he is not the actual underwriter) for a close next week on a rental property just came back to m...
Tami R.
Flipping
I was listening to the podcast today - love the fact about where David was going into a property 90-120 days and flipping it. Purchasing it for 75k putting 25 or 27k into and selling for 125k. My question is this......
Jonathan Sowinski
Partnership, profit splitting and overall deal advise please.
I am looking for some ideas/input on how I might want to approach our most recent deal. We (wife and I) are looking to bring in a partner and are in the early stages of fabricating the deal regarding investment, prof...
Joel Fine
What are the logistics of inheriting tenants?
Hi,I have a question about the logistics of inheriting tenants in properties I'm buying. Specifically about how the leases get transferred to me as the new owner.Suppose I have a tenant who is on a long term lease tha...
Vincent D.
Investors Take Notice
As profiled in an article on CNN Money (http://money.cnn.com/2012/03/30/real_estate/FHA-loans/index.htm), the FHA is actually taking initiative to make it MORE DIFFICULT TO OBTAIN MORTGAGE LOANS. Even folks with perf...
Erick Sanchez
Self directed IRA? Who is doing this? Is this as good as it sounds?
I mentioned in a prior post that I had purchased the Armando Motelongo 3 day class. In this class they spoke about Self direct IRA. They said you can put an LLC inside of this S.D. And do your business from inside thi...
Larry Bowers
DOT recorded in wrong county!
New here to BP and note investing, and getting baptized by fire. What a pickle I am in. I need advice! I am the lender on a $50K note that began in early 2017. The note listed a property in its text, but it was not s...
Marcia Maynard
LLC holds real estate and partner wants out.
We have a family partnership that owns two rental properties (a Single Family House and a Duplex). It started out as a simple partnership in 1995 (Dad & Mom, #1 Son & Wife, #2 Son & Wife). After the unexpe...
Michael Kiley
Is staging a small & inexpensive home really worth the dough?
Next month I'll be finishing my smallest flip to date... a 780 sq ft house in the Westpark neighborhood of Cleveland, Ohio. Because of the extensive renovation, I plan to price it at the high end of the comps around ...
Alyse Moore
A Newbie Investor in a Hot Market (Chicago Southside)
Hi Everyone!I'm a newbie that's unfortunately looking to buy in a hot market. I live in the south suburbs in Chicago, however I'm looking to house hack my first property, a 3-4 unit buildng, in the city of Chicago--th...