Steven Zai
Promissory Note with 15% return
Hi,I was approached by a realtor/broker that also buys/flips and wholesales properties and he offered me a deal where I would earn 15% return on a property he is going to rehab and flip. The terms of the agreement ar...
Account Closed
What to do with land in a flood zone?
I have a piece of land near San Antonio in a very desirable Area. The property is approximately 1.27 acres.It is cleared ect. I took the land as a down payment on a house that we owner financed. The previous owner/ se...
William Joseph
Old owner left guns in the property
Here is the scenario:I just purchased a property in Connecticut. The old owner is in assisted living an left anything he didn't want (trash out was negotiated as part of purchase price). The seller left a number of gu...
Yuvaraj Vimawala
Multifamily Offer contingencies
Hi BPites,As we all know the MFR market is pretty hot and deals are far and few between. A strategy I have been following is to make few offers every week without seeing each and every property. I strike out almost 10...
Travis Kemper
Current owner unwilling to provide P&L or pics of inside/ allow
Hey all,I'm looking to buy my first multifamily property and I came across a deal that I love the location of, rents are way under market, and I can afford. Here's the question: current owner is unwilling to allow l...
Ty Reyes
Financing and Other Things -- Newbie's First
Hello BP fam, name's Ty. First post.Here to seek the collective wisdom of BP to help shorten my learning curve and minimize painful mistakes. Here goes (thanks to Chris Mason btw for this template):Short Term Goal: To...
Allan Anderton
in the Salt Lake city Utah area single family or duplex?
looking for advice on the experts out there:) if some of you have time to respond I thank you in advance I would like a PRO vs con stand point on which would you feel to be a safer first rental investment property sin...
Dawn Oree
Insurance - Any Suggestions On A Good Company?
Hello Everyone!I'm about a 13 days from closing on the 7 unit in San Diego and I'm starting to look for an insurance company for the building. I wanted to know if any of you have suggestions on what to look for and t...
Tim Porsche
How to Deal with Nonpaying Non-responsive Tenant
Hey all, looking for some advice on how to proceed with a situation with a tenant. I purchased a duplex a few months ago that is fully rented out, with the intent to move into the bottom unit on March 1st. I notified ...
Thomas Ebenhoch
Owner Occupy Property - Family Trust
First time investor here, looking to invest in a multi-family property that I plan to owner occupy.I am currently looking at a triplex listed for $135K. Looking at the county tax assessment, the property was assessed ...