Justin White
Please help with private investor contract!
I have an offer accepted on my first deal and am using a private investor to fund it. I am having a really hard time finding out how to get a contract written up with the loan terms and everything. I called a real est...
Sam Grooms
Seller Financing - Should I sell the note?
I'm selling a piece of land to a developer, with $200k of the sales price being seller financing. It's due in 12 months (will likely only take them 9 months) at 10% interest paid quarterly. I can get a higher return o...
Robert Kenny
Is it ok for seller to hire buyer to do repairs and upgrades
ultimately I would like to get cash from the seller to take care of upgrades. But I understand this is not allowed. Is it legitimate for the seller to hire me and pay me for repairs and upgrades before closing? I am a...
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The "FACTS" About John Alexander's Inverse Purchas
First, let me say that I rate this course a 10 out of 10! Secondly, I don't get any money from suggesting this course to you or through the link below. (link removed by MODERATOR)
I have purchased the course (Level 1...
Nathan Smith
I got a deal what now??
Hey BP Community,We got our first wholesale deal and now are scrambling to find out what to do next. Can anyone here give us any advice as far as where we should go after finding our first deal and how to close the sa...
Bryan Wilson
Vetting Hard Money Lenders?
Hello all,I'm still new to the forum and have been digesting a lot and am thankful for all you provide. Today I'm wondering how do you vet hard money lenders. Do you have a specific checklist you follow as you would...
Patrick Harker
Feedback on Potential Cash Out Refi
Hello!I am in process of looking into a cash out refi of my primary. I am sharing the closing cost estimates for feedback on this offering? Is $12k in total closing costs high? The basic breakdown I see is $5,084 in l...
Dhiren Ahir
Buy cash and finance later
What do you guys think about buying rental property with cash then doing cash out loan? Lender is taking long time with no obvious reason and I can not start mortgage process with new lender due to time limitation as ...
Stephen Lynch
Bought in 2021, rehab in 2022. Tax handling?
Hello,I purchased a duplex in November of 2021, we've made some small repairs but it was mostly about getting the tenants out so we could start the rehab (scheduled for January). For 2021, I know it would be pretty ea...
Phillip Rowe
Is this deal worth it?
Looking for my first rental and had a proposition from a friend trying to get rid of his. It’s a house he owned then turned it into a rental. Comps in the area are in the 175-185k range. He owes 130k but the house nee...