Nick B.
2nd position note - is this a good deal or not?
Hello all,
A couple of days ago I saw a 2nd position note offered for sale with the following parameters:
Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...
April C.
My Plan: Please poke holes in it :)
Hi BP, I have been researching, reading and listening to everything I can find in REI for the last few months. I feel that settling on the plan to follow is the biggest hurdle. I am pretty sure I now understand my inv...
John Cartwright
Do hard money
ok I am at a point where I have done my research and still learning but I'm ready to get my first deal going and get it under my belt. My credit is not good enough to get a mortgage loan. So I'm left with private ...
N/A N/A
50% rule and the 2% rule
I thought I had heard another investor say that the two rules were basically the same thing. Maybe I misunderstood, but if not could someone explain how they are the same thing??? And also, the 2% rule seems to work...
Ray Hurteau
Help needed with COMPLEX deal involving 3+ parties (lease option & private money)
Hello BP Forum... My partner and I have a potential deal and it's not straightforward... we've never done a lease option, but we're not about to let a little complexity discourage us from this deal.
What will discour...
Nick Rutkowski
THE RECESSION IS HERE!!!
Quick! Sell me your house before it’s too late! :)Are you optimistic or pessimistic about this upcoming recession?I’m optimistic about these next few years, I hope there is a massive price correction. I’m running arou...
Rodney Lorenzo
The bad neighborhood I invested in may kill my investment
The urge to get into real estate pushed me to invest in a 6 unit building in a neighborhood that I didn't think was that bad. I thought, the cash flow could be good so why not. This was a year ago. Now, my PM is strug...
Joel Owens
100,000 isn't much anymore
I just read a very sobering article on Comcast just now. Only a little over 6% make 100k a year or more in the nation.
Adjusted for rising costs many are just getting by and unable to save much.
Hyper inflation hasn...
Dan H.
California proposes additional 25% tax for flippers
There is a bill proposed by Chris Ward district 78 called the California Housing Speculation Act that proposes charging a 25% additional tax (an income surtax) on the profit (above the regular tax collected on the pro...
Lieren Schuette
Where Do You Save Your Money?
Hello everyone! I am a new investor in the process of building my real estate savings, and I'd love to hear where everyone is keeping their own money while waiting to invest it into real estate. I want something wit...