I have a property under contract and was planning on signing the mortgage paperwork yesterday. I received the disclosures in the morning with a stated 30 year fixed 5.0% interest rate (0 points) for a $70,000 SFR inve...
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We purchased a 2 bedroom 2 bath mobile home and placed it on a section of our property and rented it out last year. The original lease expired this month and we put together a new lease with 2 changes in it. We have h...
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There is a property I am interested in, and it will be auctioned at the courthouse next tuesday, so I order a title search.It shows only 1 lien for $amount (I don’t know the current balance of the debt), originally t...
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Hello everyone I'm Tony a realtor in Michigan. I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates curre...
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Hi All!
I am currently setting up my investment dashboard to track my portfolio's performance (buy-and-hold) but am also looking into better understanding the underlying dynamics between the various return metrics. M...
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Basically like it says above. How much money did you have when you first started off in the business? I know we all had different reasons for getting into this and different financial positions.
I have two properti...
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Hi everyone. I have a certain coworker who is an investor in real estate. He mentioned that he is looking for around 5000 because banks do not loan out so little. Is anyone aware of this? I ask because he is offering ...
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A lot of times when you hear note investors talk about deals they have done, they talk about conversations with borrowers in the first person. For example, "I reached out to the borrower. They wanted to stay in their ...
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Hey BP Family,
Whenever the conversation of me getting into real estate comes up, everyone tells me to look for foreclosures but are they really the way to go?
There are so many foreclosures around but they never ha...
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Hello!Thanks for looking!I've got two scenarios I could use a little advice on;1- I had a tenant leave after threat of eviction, they owe about $2,200. I have lots of documentation, mostly text messages. Should I ta...