Teri Young
Selling rental house to tenants
I just sold my rental to the tenants who are living there. Escrow has closed and the tenant sent me a message about a refund for partial rent (they paid for the full month- but escrow closed on the 12th) and they aske...
Jean Sanchez
All cash transaction, can you get a credit from the seller?
Hi Everyone,Working on my first cash deal for a duplex. Are inspections it is clear that about $10,000 of pretty much mandatory improvements need to be made to bring it to code and for safety. I understand that laws w...
Ruben Garcia
What are risks to counter offer on a property with no comps?
My partner and I are looking to purchase a property zoned as commercial in Riverside. Property is listed as restaurant, however, the structure is empty inside, no kitchen, needs work both inside and outside, and no g...
David Callens
Moving ahead to fix and flip
Funding for house flips. How does it work? Where can I find companies that do it?
Levi T.
Can we 1031 into property, and also get a loan at closing?
I'm in the middle of closing, and I'm looking to use 100% of funds from 1031 we just sold, on a property we are buying, but I also have a loan already lined up behind that. The 1031 company say I can show cash being ...
Barrett Boone
Active North Texas Investors
Hey BP! I'm not new to BP but I am getting ready to hopefully make my first deal in 2016. I am looking for buy and holds in the Fort Worth and surrounding areas. I am working on narrowing down target areas so I can g...
Aaron A.
How to make an offer when funds need to season 60 days
I found an deal that I want to make an offer on but I need to let gift funds settle for 60 days for a conventional 30 year loan in order to let the funds season, since underwriting needs to see two months of bank s...
Liz B
How to rebuild a property portfolio after D-I-V-O-R-C-E
Nearly 1 out of 2 marriages end in divorce. Its emotionally and financially painful - especially when splitting property assets as well.
Unfortunately I am one of the statistics!
The lessons I learnt:
Lesson #1. S...
Michael Weisman
Closing process using private loan from friends or family
Hello all!We're ready to close on a property using a private loan from a close friend, and are just looking for the basic steps as to who does what when. Cash is on hand in funder's account and he is ready to transfe...
Dan Lukens
1031 Exchange Help for a noob
Ok my BP peeps, I need some schooling on 1031 exchanges, I sold a property in Colorado and did a 1031 exchange I found a title company to hold the funds for me. I am about to close on a new property and I’m planning t...