We just shook hands on a 6-plex deal-- owner financing-- 185K, 37K down at 3.9%, 30 year amortization, 10 year balloon. But he kept saying "land contract," and I didn't ask what he meant (face palm!!). When we got b...
My research into NPN's had sparked an interest in being a hard money lender using SDIRA. I know the mechanics. But, I really don't know what I don't know. Thought I would start a conversation and see how bad @Bill Gul...
Hi everyone, I am having an issue with an annoying tenant that complains about everything. He pays his rent on time every month but complains about every little thing. For instance before he moved in he complained th...
Hi Everyone,
Would anyone know of an exit strategy or heard of exit strategy from other investors of Trada? I am scheduled to close on a property next month from Trada and no longer qualify for the loan since I am s...
Hello BP,I am fairly new to REI and was wondering if you can wholesale a deal that you win at the courthouse steps? If so, how would I go about doing this?So if I place the highest bid at an auction and they have said...
If a property that is owned under my name is quit claimed to an LLC that I have established do I destroy the protection that I am trying to get by having the property in an LLC?
Reading several books on real estate o...
I sold/financed a house in NC in 2011. The buyers never made a payment on time and when they got several payments behind, my attorney sent them a foreclosure notice. They filed for ch 13 bankruptcy.
The DOT states t...
I own several rental properties all single family homes and considering another. However, I want to expand my real estate experience by trying a flip. My strategy is to purchase a foreclosure at our County Court Hou...
Hello everyone! From what I've gathered, when converting a property acquired via a 1031 to a primary residence, one needs to be very careful to not trigger tax consequences by rkeeping the newly acquired property for ...