Scott Kirkpatrick
Buyer protection against Seller default on mortgage, land contrat
A friend of mine came to me for some unprofessional [not paid] advice recently. I'm doing what I can to help her out. Still, I'm pretty new at this stuff. While researching her situation I came across BP. Read a few...
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Advice for finding foreclosures
Can recommend any other service for assistance with locating foreclosures in the US, please let me know.
Rosalynn Rice
Need BP Community to Weigh In On This Decision... Lifestyles Unlimited
Hello there,
I attended the free introductory session for Lifestyles Unlimited this Saturday. The sales pitch was on point, very well presented! It did concern me that they didn’t consider vacancy and maintenance. ...
Brandon Cao
Assuming an FHA Loan - PMI Carried Over/Able to be Removed?
Hello All,I may be selling a triplex in a few months that has an FHA loan attached to it. Note this FHA loan was originated before the June 2013 change that makes PMI last the life of the loan. Instead, since it was...
Andrew Noway
Quick Deal Analysis
For a commercial medical building:BasicsBuilding Purchase Price: $4,000,000Building Appraisal: $4,300,000Estimated Deal Term: 10 yearsSenior Debt: 3 millionEquity Raise: $1,000,000Acquisition Costs: $85,000MP Contribu...
Jolu Talampas
New from Minot, North Dakota
Hello everyone, my name is Jolu Talampas from littletown Minot, in the great northern plains of North Dakota. I currently have an ailing mother and grandmother who I need to be financially responsible for. In addition...
Account Closed
First Time Investor Orange County
I currently have $320,000 in liquidity and have been looking for my first investment/income property for quite some time now, however the fact that I live in Orange County doesn't make the process easier. Reason I say...
Jimmy Jones
Suggestions on selling a residential vacant lot San Francisco
Hello All,I have an R2 vacant lot in SF. I had considered building on the lot but I only have limited experience in this area and feel selling it and investing that money would be a less risky option. Thoughts:. 103...
Account Closed
Did I make the right deal?
BP community, Earlier last week, I closed on my first investment property, a duplex for 330k (25% down, conventional loan for 30 yr @ 4.875%). One unit is currently unoccupoed, and the other unit has tenants until the...
Joel Palmer
Low appraisal - BRRrR Strategy challenge...
Hey guys!I recently bought a 4-plex of townhomes for $130k. It was grossing about $1750/mo and fit all my criteria, and overall looked like a great deal, so I moved forward with the purchase.My strategy so far has be...