Deangelo Mack
How do I respond to this question?
What do I say to the seller if he/she ask if I plan on living in the property or am I an investor. Do I be honest or say I'm going to occupy the property. I've gotten a few phone calls where I tell the seller I'm an ...
Michael Greenberg
What is the true value of your own STR website?
Sorry this is long winded, but I hope it's of interest to many of us and can start a thread of suggestions and input. A recent post by @Mike Neubauer got me thinking about the value of my own STR website. I've had a...
Minna Reid
Rehab to rentals
Ok so I'm looking at one of these...needs some lighter rehab maybe 20k. It's a duplex, rents for the area are about about 1700. They are not way far off from my max purchase price of 80-90k (including rehab costs)...I...
Jill Md
Deal Structuring Help Needed!
Hi All,
My Experience: I have been strictly a rehabber for the past 12 years. In the past 6 months I have decided to go full time with investing, so as far as deal structuring with creative financing, I have little ...
Brian Ellis
Nice little surprise
Starting renovating my first rental property. It is a duplex located in a mostly single family neighborhood. One unit was vacant and very outdated (as you can see), and the other one was recently renovated by the sell...
Caleb Anderson
Tenant Backing Out of a 2 Year Lease After 3 Months!
Hey BP community!So my tenant is backing out of their 2 year lease, and they've only been there 3 months. The reason for leaving is "getting married and moving in with new spouse". My cash investor owns the home, and ...
Joseph Weisenbloom
Whats the strangest thing an underwriter has requestedof you?
As real estate investors we fight the constant battle of getting approved for funding. Collecting paystubs and W2s seem pretty reasonable but then there are other requests that leave you scratching your head.My recent...
Account Closed
Should I Sell or Rent it Out - What Would You Do?
I have a question for you seasoned Investors.
We bought our first house 2 years ago - a really good deal on a foreclosure and we paid $84K. The same house was valuated at $135,00 from the outside only. Due ...
Patrick H.
Good Profit on First Flip / Spec build
Finally completed my first rehab project after 10 months with a partner from BP. He put in the money and I put in the work. The house was nothing more than a shell when I found it on the MLS. It had been partially dem...
Andrew Nesbitt
Hard Money question (I dont want to get ripped off)
I've read on here a bit, but I would like to know what is a standard rate for a newbie getting a HML. From looking on the internet I see tons of advertisements saying 8-12%, 2 to 5 points, 6 months to 7 years. Bu...