Darian Richardson
BRRRR: Refinancing Seller Finance Balloon Note
My Fellow BPERs and BRRRR Connoisseurs,I need your advice and expertise.Currently, I am looking into an off-market deal in Lawrenceville, Ga. The property is in need of repair ( roughly $22k in reno), with an ARV of $...
Ryan Dossey
Site is under heavy load
Hey guys I searched and didn't see anything. Maybe I just have terrible luck. The last few days most times I try to get on I get an error that "the site is under heavy load please try again later". I check in several...
Michael Thrower
Presentation to Private Investor
If you were looking to use Private Investor Money to fund your first flip or rent, would you present your entire plan to them first and how much would you typically return to them?Seems I read the average return to Pr...
Stephanie Garcia
Repairs and maintenance
Here's the situation.The fence at my house blew down and we had to fix it. There is a empty lot behind us, so I reached out to the owner of the lot and let him know the fence blew down and we were going to fix it. He ...
Grace Lerner
Renovation to a Single Family Or Triplex?
Hello BP! I have recently become excited about a townhouse for sale in my area and I need some opinions. First some facts:The property is currently being used for SRO. It has about 3,600 sqft, and three floors. It nee...
Michael Hayes
HELOC as Down Payment on Commercial Property
I've seen many in different forums, but still trying to find an exact answer on this. I know a HELOC can be used as the 25% down payment for a residential property, but how would a Commercial Lender view using a HELOC...
Corey Dutton
Private Money Lenders and Small Lenders Fight Unfair Compliance
The Consumer Financial Protection Bureau (CFPB) was another offspring from the Dodd Frank Act, a legislation that is well-hated among mortgage professionals in America. These new controls under the CFPB have put unne...
Sophia Maler
Seattle market - buy and hold
I'm thinking about buying and holding in Seattle (or vicinity) because I will be traveling there often and it will be easier for me to keep an eye on the rental. But I heard Seattle is not landlord-friendly market... ...
Joseph Lee
Minneapolis Renter's Protection Ordinance
Hi everyone,I received the following email from the City of Minneapolis and wanted to see if anyone had more information and get a sense on people's opinions. As you may already know, Council President Lisa Bender and...
Marc C.
Paying Property Manager from NOI, instead of gross...
Has anyone ever had a property manager accept a percentage of the NET vs. the gross? In that way, they are encouraged to keep expenses under control...something they usually have a problem with. (My current manager is...