Michael Johnson
My take on Interest-only loans...
First a simple question.. Is it true that Interest-only loans are only Commercially backed and more than 750k?Is Seller-financing the only other way? My perspective is that an Interest only loan would be among the bes...
Dominique Le
First timer to help start real estate portfolio (from CA)
Hi all! I’m so excited to be apart of this community and hope I can learn from you all. I live in the expensive Bay Area of CA. My husband and I were born and raised here. We are renting and in our early 30’s. Ho...
Jack Srimani
Is having no master bathroom a issue
Hi,
I am considering a house for flipping in a good neighborhood. This is a bank REO property. The asking price is 75000 dollars. The comparable properties are 12500. If pruchase price of the property can be negotiate...
Peter Chester
How do quantify intangibles in a deal?
Hi folks! @Shane Pearlmanand I are working on structuring a partnership for a commercial investment (We aren't sure yet if we'll invest in California, Minnesota, or Washington).I have a short sale on my record so I li...
Justen Ashcraft
Received this email today
Received this today from a tenant who has been a few days late in the past. I've been gracious. I moved their due date to the 15th so they didn't have to pay a late fee because they were always late. Today is the 2...
Zachary Shelley
House Hacking SFR in LA county
Hello everyone! I'm considering house hacking a SFR with my VA loan in LA county by renting out individual rooms and was wondering if any of you had experience at doing this in the past? I'm currently single with no d...
Dustin Gott
FHA requirements/ house not closing
I have a property that was supposed to close on July 30th. The lender/underwriter keep coming up with last minute things they need and have delayed closing twice. They have had this in escrow for almost 6 weeks now. T...
Eric La Pratt
AirBnB Short Term vs. Long Term in Chicago
I have a multi-unit in a class A neighborhood in Chicago (Lincoln Square - 60625) that I am wrapping up a large rehab on right now. The property is on a remarkable block and the units really are fantastic - we've take...
Travis Lauchman
Sample Probate Letter to Executor
Hi All,
I have learned a TON from the BP community and am very thankful for the creators, moderators, and members that make this all possible. As a small token of my gratitude and first opportunity to contri...
Account Closed
Advice needed on funding.
Hello, I am trying to break into the real estate rental business however funding is my road block right now. I have a plan to buy cheaper housing around Cleveland, OH and doing modest rehabs. I want to provide afford...