Kelvin He
Is operating with negative cash flow a good move?
Hello, this post is an update to my previous post : To summarize that post: buying a house for ~$250k w/ a 30-yr fixed rate loan, will try to lease it out for ~$2k a month, monthly expenses are ~2.2k a month.The fixed...
Account Closed
Prospective tenants in a rush to move: what to look out for?
I have a prospective tenant that is eager to move b/c he is living out of a hotel now (in the midst of a divorce; divorce hasn't finalized yet).He hasn't started the application process yet but when I mentioned cost t...
Javier Osuna
Wholesaling question: What if the seller I'm working with is already working with a realtor?
Hi all,I'm on the verge of going out there and beginning my marketing phase on my seach for properties to wholesale and want to make sure I have this question answered before I'm actually faced with this scenario: Sup...
Pete Storseth
Buying nonperforming note
If you buy a house from the 1st lien holder, do you inherit the person on the lien?There's a house I may be able to buy from a lender with an interest only loan. The buyer is way behind on payments and cant catch up. ...
Justine Scheuher
"Bad" First Home Purchase and House-Hack, Thoughts?
@Scott Trench ruined my first home purchase. Just kidding...kind of, but in a good way.This year, May 2017, I bought my first house. Renting felt like I was throwing money away so I thought I was making a smart inves...
Nicole Dechow
Seller financing with a mortgage
We are speaking with a seller at that still owes $70000 on his property. We offered $100k cash and he is not interested. He said he would be interested in creative or seller financing. Is there anyway to do this wi...
Joseph O'Sullivan
TSP Loans - Current Pros and Cons
Hi All,As I look at my options to finance my first RE deal, I was researching the early withdrawal penalty from TSP (Federal equivalent to 401K) and just learned that I can take out a TSP loan with no penalty, no tax ...
Vania Castillo
Diary of a Rehab. in Providence
Dear BP community: It is official! Through tax lien investing a 2 family house landed on my lap. Like the old adage says, "When life gives you lemons...Make lemonade" and that is what I'm trying to do here.Here is a ...
Ashley Abramson
Licensed Structural Engineer?
Hello! I am pending inspection on my flip currently, inspection came back asking for us to have a Licensed Structural Engineer "determine corrective measure to ensure proper support". Based on some of the pictures we ...
Account Closed
Fundamentals: A Philosophy for Success in Life and Real Estate
Fundamentals: A Philosophy for Success in Life and Real Estate
Note: This article was written in collaboration with ChatGPT, an AI large language model, and reflects the philosophy and opinions of the author, Aaro...