Daniel Roman
How to get your buyer to sign a lease to own agreement online
Hello all, I am a new wholesaler just getting my beak wet. I have found someone interested in closing a deal. Ideally I would like to just get this BP contract I found under the file place signed online so I can get t...
Wendell De Guzman
Real Life of a Private Lender
Real Life of a Private Lender - Business Update Week #1Alright BP Nation, as promised, I am giving you guys a peek into what happens in the week of a private lender. By doing this, my hope is that:1. You will understa...
Keila Pritchard
Can you self manage a STR from afar?
Basically, my wife and I are military and moving away soon. For two reasons, (1: our house is probably bigger than what most military families in the area are looking for. 2: our private room on AirBnb has been relati...
Mario V.
200k, can it generate 20k yearly ?
Hi everybody.For the last few weeks I have been trying to read up as much as possible on what I want to do, and the most encouraging and interesting google results are always from this forum.My dilemma comes from some...
Matt Wells
Seasoning period for cash-out refiance with a paid off property?
How long is the seasoning period to do a cash-out refinance into a conventional mortgage if the property is completely paid off? I've read somewhere that it is usually six months but doesn't specify if that 6-month s...
Jared DeValk
What are your wholesaling ratios?
Every business needs to watch the "Numbers". I'm not talking about the Profit and Loss statement (although very important), I'm talking about your Closing Ratios. Wholesalers, please comment with your ratios for th...
Reid Hanley
Can I Give a POH to a Tenant?
With all of the Dodd Frank and SAFE Act concerns around seller financing I'm wondering if I can simply give a POH to a tenant as part of their rental agreement? What I want to achieve is passing all home maintenance ...
Chris Ayers
Apartment Complex full of Govt. Assistance Tenants
Checking out this one 29 unit apartment building now and spoke with the current PM who mentioned that:Most tenants are on government assistanceBuilding is old but condition is fairGreat cash flow. Converted hospital t...
David Edwards
Splits and ROI when using OPM
Afternoon BP, I'm closing on my first small multifamily deal on the 30th of next month and am now sitting on a few deals with decent returns (on paper at least). When looking for funding how are the deals typically st...
George Ramsay
Rehab Loan/ How does this work?
Hello everyone!
Im currently trying to figure out how a rehab loan works in todays market.
Im trying to short sale a property with an ARV of 160,000
Ive got rehab costs at 55,000
I would Payoff the current lender at ...