Account Closed
The next big thing in Middle Tennessee
I am assessing investing in Middle Tennessee for long term rentals and would love your thoughts on where the hotspots are likely to be over the next couple of years. South of Nashville (Brentwood, Franklin, etc) is pr...
Ryan Cleary
Previous owner was taking money under the table with section 8
I purchased a duplex. The seller provided a phony lease for $1,071.I come to find out that the tenant was section 8, the real lease that section 8 has is for $867.We have now found out that the seller had a promissor...
Bill Gulley
STUPID QUESTIONS!
I'm sorry, but as far as I'm concerned, BP is not the place to ask such stupid questions as who whould sing a lease, the owner or the person who qualified the tenant.
That shows you have not a clue, at all, about th...
Kyle Smith
Smoky mountain cabin - cut the trees or not
Hello,I’m currently building a cabin In Gatlinburg TN and I have a question regarding some trees that I’m debating cutting. I’m blessed to have a 10 out of 10 view of the state park but if I cut a few more trees I ca...
Stinson Bland
Handling a "Buy" call from a Seller
I'm worried that I'm not doing a very good job on the phone when I get a caller from my direct marketing...
WOW, that was hard to type! I was a successful financial services phone salesman for many years in the pa...
Curtis Steineke
Best balance between leveraging and keeping debt ratio down
I am in the process of taking what to me is a large sum of money and invest it in real estate as part of a 1031 exchange.
I have always been taught that debt is bad and don't want to use all of it to finance prope...
Earl W.
Is an OK deal better than no deal?
My HELOC is paid off and all that cheap money is just sitting in the bank ready to be used as my 20% down to buy some more houses.At some point I'm thinking it's better to buy/rent a house with a low dscr than it is t...
Michael Krassos
Need Help: What does it mean when my Cash-on-Cash percentage is lower than my Cap Rate?
Stay away I imagine, but seriously I'm analyzing a deal and want to make sure I understand what is happening.
It's a 2-family to buy and hold for $400,000, will put down 25%, so mortgage at $300,000.
Income is $45,...
Sean Thompson
Section 8 tenant that is breaking the lease
Hey all! My wife and I have a duplex that we rent here in Kansas City. On one side of the duplex, we rent to a Section 8 tenant. We have run into a bit of an issue.The tenant is a single woman, around 55 years old. Th...
Evan D.
Strategy revaluation/Deployment of capital
Hey BP!First off I want to say that this is the best forum I've ever read and interacted with. Though I'm new here, I can tell from all the forum posts I've read that this is a very welcoming, educational and civil fo...