Pete Tarin
Cash out Refi on Personal home or save up cash for 1st rental property
As a person who is new to Real Estate and Real Estate investing, is it best to save up cash or do a cash out refi on your personal home to purchase a 2nd home (1st rental)? Is there a financial calculator to determin...
Donald S.
A successful (barely) first flip!
So I just finished doing all the calculations for this flip. Man it was a beast. Almost 10 months from close to close and a huge project for a first time flipper.So here's what I got:I had a call from a direct mail ca...
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Flipping - Assignment vs. Taking Title
Assigning a Contract to a new buyer can be one of the easiest ways to make a quick profit on a house that you can get below value and flip to an end buyer. But.... the biggest problem with this is that everyone could ...
Morten Lund Kirkvik
Luxurious Short Term Rental
Hello Fellow BP´ers!I have run my own gym, providing luxurious services for my customers, and for me, it was obviously better to have 10-20 HIGH PAYING clients rather than 100 lower paying. Does this sound true in Rea...
Jonathan Vese
Double closing in Washington state
Hey everyone. I'm about to close a deal and assign it to a buyer. The spread is very large and I heard in Washington state it's illegal to double close. Is that true? Please write me back because this deal needs to cl...
Ericka Mizuta
Writing own note on a investment property
Does anyone have experience with writing my own note on equity that is in an investment property? I have a few rentals that all have equity (as well as my primary residence). I would like to use this equity to re-in...
Brandon Foken
Signing the Contract on Deal #1: Next Steps?
Howdy BP Nation,
Today is a great day because a seller I've been working with for 3 months, called me up this morning and said she's ready to finally sell her duplex to me. Signing the contract tomorrow after...
George P.
Short sale listed but not sold
Is this common for the short sale to be listed on the MLS but not getting it sold?
Also, what is the standard time the bank gives the realtor in order to try and sell it - 6 months? 9 months?
John Martinez
Psychological Reactance (Reverse Psychology) and how to use it
Give the seller (or the buyer) the freedom to say “No.”This is written from the perspective of an investor with the intent to get a great deal on a property. This sales strategy, rooted in psychological reactance, als...
S Harper
How much notice for not renewing a month to month lease?
How much notice are you legally required to give when not renewing a month to month lease in Colorado?The house is in Arvada, CO. Tenants have been there since 10/08 and have been month to month since 10/09, most rec...