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I need help understanding this, if the owner owes an outstanding mortgage how do you go about this?
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Has anyone used owner financing to build STR portfolio?I m wondering if the return s for the STR revenue make up for the higher cost of an owner financed property.If the numbers works, is it a smart idea?The monthly p...
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Today I was informed the seller on a short sale I had been waiting 4 months for, will not sign the approval from the lender. It was a good deal for him, no deficiency or promissory note, just sign and walk away. Norm...
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Hi AllI am a STR expert but new in the long term rental game. My previous LTR were professionally managed and Im trying to do it myself this time.Questions: What kind of application do you have them fill out?What tena...
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I read the "Long Distance Real Estate Investing" and will be completing my first flip in 2 months. With the profits I would want to reinvest in a rental in a more affordable market and all my research has lead me to ...
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Hi,I want to see what is the strategy landlord and property management is used for maintenance and repair requests.Do you use something in the lease to let the tenant know what they are responsible for and if you do h...
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What are the pitfalls to having a contract with an owner to "flip" his property while he still owns it 100%? Does anyone do this successfully to pocket more money and/or utilize owner "private financing"?For example: ...
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Hi all,I'm usually just a lurker on these types of things but something about how friendly and helpful everybody is on BP made me want to introduce myself right away!I'm 25 years old in South Florida. My boyfriend and...
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Here's the deal, I'm wholesaling a property and there are some unsavory occupants. The homeowner still lives there and desperately wants to move. About a year ago, she let an older man and his wife stay for awhile. Th...
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Hi BP Team,I'm under contract on another property in a historic district in Atlanta on a busy road. This is a complete and major rehab, so I've got an architect that I know can get plans and a certificate of appropri...