Jessica Gourdine
Current Owner vs Owner of Deed
I'm creating my buyers list and I'm starting with searching the MLS for cash buyers within the last 6 months. On the county's website, they have "current owner" and "owner of record"; if there are different names ...
David Kay
Buying homes with partner, avoiding PMI, structuring deal
I have the following idea, that I'd like feedback on.
I am looking to do the following:
1.) Form an LLC with a partner
2.) Have the partner put down 20% of the purchase price
3.) I pay all c...
Brandon Nelson
Owner WANTS to offer owner-financing, but there's a loan in place...
I have clients who own a lot worth $200K, and they have a $120K balance on the mortgage. We got an offer from a buyer for $200K, with these terms: $30K cash down paymentInterest only owner-financing at 5% for a 12 mon...
Dawit Araia
Looking at a building in Haverhill, Ma
Hello BP community,
I have a question, I am looking at a building in Haverhill, Ma that is gutted. The current owners purchased it in 2005 to convert into condos but when the market crashed they stopped cons...
Edgar Aguillon
Stuck on a Deal!
Been on the site for a little while now and have asked a few questions on a few things but wholesaling really caught my eye so I started doing some research and educating myself more on it. Went out for my first drivi...
William Edmondson
Sparkrent adding Tenant Screening! Sweet!
https://www.sparkrent.com/app/tenant-screening/
I wonder when it will actually go live, I've been looking for an easy to use online tenant screening service that won't charge me an arm and a leg. Who knows wh...
Andy V.
purchase structure and follow up sale info sought
I have three deals going concurrently so my funds are otherwise deployed. However, I found a 12 unit with a cap rate of over 17! Id like to get it under contract (with a partner), redo some of the units, fill the th...
Richard Anderson
Does getting a HELOC affect credit scores for convential loans?
Hi, My wife and I are putting together funding to start investing. We have been approved for a HELOC. The appraisal for our house came in quite a bit lower than we were expecting. Therefore we will need to secure trad...
Charlotte Edwards
How much insurance do I need?
The purchase price of our house (in Illinois) is $68k and one of the insurance agents I got quotes from (still waiting on the other) gave a quote actual cash value (56,000 being the coverage amount) for $300/year, but...
Sam R.
Verification of income and expenses
What kind of paperwork does your lender request in order to verify the income and expenses of a commercial residential property? Leases? Utility bills? Tax returns of the seller?