Account Closed
What kind of lender do I need? Self-employed, small loan amount
I am looking at a piece of property that will cost about $65K. I can put down $30K but would like to borrow the rest. This will be my first real estate purchase and my first loan. I am unsure what kind of loan I sh...
David Moore
Should I charge for actual pet repairs in addition to monthly pet fee?
Hi BP, we charge a $50 non-refundable pet deposit and a $25/mo fee per pet. In my mind, this is a nominal amount to help in the event that we have to cover extensive damage that the normal deposit would not cover.I ju...
Rick Edgeworth
How to collect Owner Finance Payments?
I recently owner financed a property but I'm not sure the best way to collect payments to keep up with the balance as we go along. I was told I could set up an account at a credit union or bank but I'm 0 for 3 on CU a...
Tiffany Cunningham
Another wholesale deal...HELP!!
OK guys I have another lead that could potentially be a home run. Its a 2br 1ba drive for dollars lead so i can visit it if need be.The house is vacant, free and clear of mortgage and has been for quite some time. AR...
Robert C.
Why is Nobody Building Mixed Use in a Mixed Use Zoning District?
Any theories?I've been looking at building projects within Mixed Use zoning districts in my town. Surprisingly, it seems to me that nobody is taking the city up on Mixed Use zoning incentives. Developers are instead o...
Bryan Hancock
Is Your Investor Base Growing?
It seems that in the last several weeks many new investors have come to the market to put funds to work. Is anyone else noticing this trend? If so, do you think it is tied to the economy or a general feeling of conf...
Maryann L.
luxury home short
Most of the houses we've done so far are under $400,000. I have a homeowner that just called that bought a home for 1.2 mil and owes $800,000 and some change.
Because she paid over 1.2, can we short this? I thoug...
Sasha Josephs
**Mom is Gifting me a Down payment - How to Set This Up?**
We want to avoid going to a CPA, so thank you to any BP'ers in advance that can shed light on this topic. Maybe this is something you've gone through before?! We are new to this.So, my moms is gifting me a down paymen...
Lauren Feltz
"Reverse" househacking refinance vs updates
Hi All and thanks for your input!My husband and I have a 4-plex in NH, which we bought in 2017 and have been fully renting out. We're selling our nearby primary home and downsizing to prepare for retirement by moving ...
Travis C Brown
Any investors in Wisconsin I could talk to?
Looking at buying my first rental I have about 15k saved up. Just wondering best ways to go about buying a property? What to look out for? Any tips to save money when doing rehab? I'm new to all of this