Hello BP!Can someone please explain to me IN DETAIL how Hard Money loans work? I understand that they look at the ARV of a property and then lend you x% of that (usually 70%), but what are the actual steps of getting ...

Have you violated the 70% rule and still made money?

For those of you who don't know, the 70% rule is basically the multiplier you have for the ARV (or After Repair Value) from which you deduct the repairs an...

So I borrowed this format that someone else used to analyze his duplex, and I decided to give a try at analyzing a duplex I found. This is what I came up with.

Duplex 3/1 with 1/1 attachment. They wanted 80k but the...

In between my day job and keeping busy while bored, I stumble accross houses that would be great investment candidates. Essentially, I am finding "driving for dollars" leads. I'm not yet committing full time to wholes...

Hello BP,my name is Giannis (pronounced Yanni), and I've been a long time lurker of BP. I had the RE itch since I was young and I am looking to get started.My home market is Chicago. I currently live in a suburb of Ch...

There's a chance I may be able to avoid using a trans funding company for wholesaling an REO I have a contract on. I was looking at having to do a double close, with trans funding for A to B, which will eat into the p...

How can I find the bank who foreclosed on a property and secondly should I approach the bank for the property or wait till it reaches the court house steps?

I have recently purchased my first flip project in Point Pleasant, NJ and I am hoping to use the information on BP to make this a profitable deal. Hoping to network with other investors who might want to work on de...

I got a call two day's ago from a lady who was very frantic. I had given her boyfriend a business card several months ago so she gave me a call in order to git rid of her rental home.. She is not a LL by choice and sh...

Seller owes 150k on a 400k 3 unit.He’s interested in seller financing to defer capital gains.What creative financing option would make the most sense for he and I?Seller finance, sub to, wrap around etc. and why?