Derek Carroll
Lease option exit strategy
I'm looking at 3-4 properties to acquire under lease options. Ideally I'd like to buy and hold. I'm nervous that I won't qualify for multiple mortgages three years from now.
What are my potential exit strategies (i...
Samantha Springs
Selling Rental to Pay off Crazy Student Loan
Hi BP Fam! I am considering selling my duplex to pay off my insane student loans and would love to hear from the BP brain trust.
My student loans are $355K total with a 7.5% interest rate. Once repayment starts in Oc...
Benjamin Barredo
Refinancing on Land - Is it possible?
Hello everyone,I have a question. I have a possible deal I'm working out. It's a mobile home on a private lot. The assessment says the lot is retailed at roughly $30k (with a tax value of about $7k). The seller says s...
Andy Mirza
Collecting on PMI as a factor during bidding process
Anyone have experience collecting on PMI (mortgage insurance) with a non-performing note? Would love to hear the good and the bad.We kicked a loan out of the bidding process because the seller's price reflected a futu...
Brad Z.
Structuring Bank Accounts
I am getting close to having my first deal ready to go. Its a rehab+hold and rent. I have created a LLC to hold hte property in. I need a seperate bank account to manage money in/money out. Should I open up a busines...
Cherish Nicole
Wholesaler negotiating a short sale
Hello Bigger Pockets Family,I am new to wholesaling in Washington and have a motivated seller. The issue is that we need to negotiate a short sale in order to get the property balance down. The seller just wants to av...
Andrew S.
Anyone flip to "get their feet wet?"
I posted in the newbie forum a month ago, have been reading and reading and doing what I can in my limited spare time. I had posted that I wanted to invest in large multi-units and have someone manage them. But I...
Brian Stutzman
New Landlord restrictions may become Idaho law
Dear fellow Idaho landlord,
I was contacted tonight by Senator Doug Ricks to see my thoughts about a bill idea that Senator Rabi is trying to put together that would hamper landlords. The bill idea includes:
1. M...
Michael Ashley
Seller Financing and Lease Options in Houston, Texas
Hi, my name is Michael new to posting on BP have a question for Investors That invest in Texas. I Found a duplex property here in Houston, Texas if I purchase the duplex through seller finance (both units currently va...
Keith W.
Should we be paying points before closing
I’m coming to the place I can trust for answers. I was either approached or maybe I reached out to a private money lender for their terms which are 90% acquisition, 6% interest and 2 points. As a first time investor, ...