Shaun C.
My First Flip. 8 months and Counting and Hopefully $150k Profit
This is the After:This is when we bought it:This is going to be an in depth write up of the work we completed on my first flip, located in a wealthy suburb of Detroit that will hopefully net us around $150k (eat that ...
Account Closed
What would you do in this situation?
I am hoping to get some advice on how to proceed in a situation that is very upsetting to me. I came across a property recently with significant fire damage and an opportunit to puchase it. Being new to this industry ...
Michael D Valadez
How to make a basement unit legal in chicago?
I bought and rehabbed a 2-flat in chicago this year and now I'm turning my attention to the basement. It was a legal 3-flat but the last owner had it decoverted to storage a year before the sale. I was told there was ...
Sam Smith
Busy accredited investor looking for low risk investments
As very busy professional, with accredited investor status, I want to find a low risk investment preferably passive to park my money in case the market goes south. According Robert Kiyosaki you can only build wealth...
Jorge Caicedo
Disclosure Statement
Hello BP'ers, I read an article by Alan Cowgill about how if you're gonna use a private lender for your project, you need a disclosure statement..He said in the disclosure you have to put that there's a risk invol...
Noyessie Hubert
Feeling guilty for asking a tenant to vacate.
Hi,
I just purchased a 4-family house. One tenant told me she wanted to stay even if I increased the rent. On which I said: "We can discuss it after we close". Now after closing I have 2 issues:
1. Is a rent control...
Jess Carr
STR Markets - where should I be looking?
With the housing market so crazy, where are people finding deals for short-term rentals these days? I prefer places out west in the mountains, but I’m open-minded. I spent a lot of time looking in the Smokies and am m...
Jake S.
Private Lending Questions
I have a potential deal in the making, and have a private lender lined up.I, and the lender, are new to the private lending game, so what sort of paperwork/contracts need to be in place before the deal happens?Really ...
Ryan Gyllenband
HELOC in Texas on Investment Property
Has anyone had success getting a HELOC on an investment property in Texas? WF and Chase used to do it but stopped due to COVID. Looking for any banks that still do it. I’ve checked with every credit union and small...
Julian Barnes
HUD-Owner-Occupant Rules?
Hi all...
Just a question for the vets....
I understand that when you BID as an "Owner-Occ", you have to actually occupy the home for @ least 6-12 months BEFORE refi'ing or selling.
And when you BID as Investor and...