Ryan Pemberton
One yellow letter=9 home portfolio deal. I need structuring advice!
I sent out some yellow letters a few months ago that I'm still getting calls on. A woman I reached about one property has a 9 home portfolio that her late husband was managing. She's not interested in messing with th...
Jak Dadi
This sucks!! Tax Laws are &^%$
The last week has been depressing as we went through a prelim exercise to understand our tax situation. We have a MAGI of over $150k through 2 W-2's, live in a rented house and own a few multi-families. We made a rent...
Greg P.
Hiring Carpenter and his brother with no insurance or business
Hello, I would like to know if anyone in their right mind would hire someone who knows what they are doing, but has no insurance or a business name. He does work on the side and has his brother and side helper to get...
Roy N.
Tenant triggers bank to call note (mortgage)
All,
I struggled with deciding under which forum, I should post this bizarre situation: Landlord & Rental Property, Conventional Financing, Off-topic? I settled on Landlord & Rental Property (for 1...
Francisco Ycaza
Understanding Commercial Building Financing
Good evening Colleagues,
I join BP just about 2 weeks ago and this is my first post . I sent out a Yellow letter to a owner of a small Commercial building in the Bronx , New York back on November 20 and 4 d...
Leo Maldonado
Seller not wanting to accept FHA Offer?!
Hi Everyone! So I have an interesting situation here. I am looking to get into my first real estate investment! However, the seller is not wanting to close on an FHA, he would prefer a cash offer. This I don't underst...
Daniella Spears
Tenant refuses to sign 60 day termination notice
Help me out BP fam!! I rented my home to a friend(bad idea I know), and it was a pretty laid back agreement..month to month lease..no deposit..cash randomly and not documented properly...etc. In fact, I don"t have t...
Dave Hurt
Creative Finance Question
Hello everyone, I have encountered a very motivated seller in my direct mail campaign, and she is open to creative finance strategies (in fact she prefers monthly income over a lump sum) - this is exactly what I've be...
Joshua Dorkin
Credit Line Cut? Credit Card Closed? Tell Us About it.
Two weeks ago I was informed that my Chase credit card, a card I've had for around 15 years, was closed. I was told that I don't use the card enough and that I was "costing Chase money." I'm sure my FICO will be neg...
Rudy Avila
Mobile Home Park Houses
Hello buying a mobile home park. It comes with homes that is are not worth much. Seller is recommending to get new homes but he puts a value on them from 2-4k each home. He rents them from 350-475 each including lot r...