Steven Scheer
Starting out with little capital.
Hi all!New to the BP site and excited to network with like-minded individuals about investing in real estate.A little about myself: born, raised and have lived my entire life in Wisconsin. Married with no human childr...
Serge S.
Due on sale clause was called by bank!
I wanted to share a recent experience. I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago. I transferred a deed via quitclaim from my name into ...
Andrew McGuire
I'm Buying Negative Equity Properties and I'm Excited About It
I purchased 1 and UC for 2 properties this month two of which I'm keeping as Long term rental. The first 699 E Gold Dust, San Tan Valley AZ comps around 375K and I purchased for 393K so I'm lost about 18K equity by p...
Wade G.
Overcoming the Idea That Paying Off Mortgages Is A Good Idea
Overcoming the mindset of paying down mortgages is a dilemma for me. Considering the low interest rates I am going to refinance a couple of my SFH rentals and my primary residence. It makes financial sense to me to ...
Jason Reynolds
Rent-to-own Help!
I am beside myself trying to figure out what documents do I need to have for a rent to own agreement. I talked to a lawyer but he didn't seem to want to talk about what I needed. The first thing he said was "I don't t...
Bill Gulley
NUTS WITH GUNS
I'm all for gun ownership, I own several myself, but do we have any responsibility to inform authorities of those you are clearly having mental stresses or conditions that could lead to the Batman shooting this mornin...
Ned Carey
Rent Skimming - long
Background,
A woman who couldn't afford her payments left Maryland. Her bank started foreclosure and stopped about 1 1/2 years ago. She filled out the paperwork for a deed in lieu of foreclosure and the bank refused...
Nathan Gesner
Small Landlords are choosing to sell
More Landlords are choosing to sell, and I can't blame them.https://www.cnbc.com/2021/03/2...
Rick H.
DUE-ON-SALE-O-METER
Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.
Matt Donley
How the deposit affects cash flow
I hear so much about how important it is to have positive cash flow when analyzing a property to buy and hold. What I don't hear is how the deposit you put down on a property affects the cash flow (by directly affecti...