Eric Mayers
Due Diligence Disasters
Greetings BP, In 2010, I purchased a Quad n GA for $98,000 and I put about $20K in it to fix it up. I've been occupying it and renting out the other three units ($700 per unit) over the past 4 years and now, I'm ready...
Dale Snider
Syndication with a Self Directed Roth IRA
BP Teammates, I’ve an opportunity to buy into a large syndication deal and I want to use my Roth IRA. I’m currently looking at all the BP posts about SDIRAs and have not yet seen one discussing buying into a syndicati...
David Davidson
subject to purchase agreement.
I am looking for a contract where I offer to catch up and take over payments with the idea of renting out or fixing the propertyany Ideas?
Ryan Dossey
Ethical/Safe Sub2?
I've got a lead I'm working that this really appears to be the only option. Mortgage has a balance of 84k ARV is around 110k. Repairs for retail are 30k. Rental would be right at 8k. They have health issues and are wa...
Micahel Lorent
Two wholesaling questions
I have two major wholesaling questions that are troubling me:
Firstly, when you wholesale, does it matter if the seller owns his home free and clear or does it make a difference if he has a mortgage on it?
Secondly,...
Jeremy Porter
Mastering Rental Property Finances: A Property Manager's Guide to Expense Tracking
Effective financial management is absolutely crucial for achieving success in the competitive and dynamic rental property business. Property managers hold a key position in the process, as they are responsible for ens...
Steven Loveless
The forest and the trees: questions after erentpayment issues
Many of you probably know about (or worse have lost money with) the erentpayment.com SNAFU; I was lucky that I had payments processed right before this all happened. (Link for those that are interested: BP erentpaymen...
Hans Restuccia
Would anyone care to share the contents of their BUSINESS PURPOSE AFFIDAVIT??
Here is some language from the one we are using:
2. The entire proceeds of this loan are to be used for a business purpose and not for personal use and the property will be rented for a period in excess of 12 months....
Tone Church
Deceased tenant in unit
Yesterday I received a call letting me know that my tenant was found deceased in one of my units yesterday morning. They lived alone. I spoke with a family member who said they are waiting on the examiners report and ...
Clark Hess
Vacation Rental Management Questions
My wife and I just moved to a small mountain town in Colorado and there is a huge demand for vacation property management here. We already have people that want us to manage their property but we are still trying to u...