Mike Schorah
Why are fix-and-flips more popular than creative financing?
Is it because most people don’t like marketing? Is it because subject to’s can be very risky in terms of the certainty of making payments and the potential loss of equity built? Is it because people don’t want to deal...
Philip Johnson
Loan says I got 48 "Debt to income" ratio, what he talking about?
Hi,I have 5 flip-to-rent properties, and i have a day job as well ... I just refinanced a property and my loan officer said I have a "high debt to income ratio of 48" What does that mean? How do I get this down? I am ...
Amie D.
When to replace furnace.
I have a single family rental in a low- to middle-income area. The furnace is about 22 years old and seems like it may be on it's last leg. When it turns on, it can take 2-3 tries for the burners to light - but it doe...
Account Closed
Title & Lawyer
Is the title always clean? Do I need a lawyer? Can I get a loan from the same institution or another bank?
I would like to start a small one now.
Keith A.
stop calling, texting, emailing, and hand writing letters.....
I know I'm not going to make any friends with this post... but my dear fellow investors.. do you have any idea how intrusive it is to not only get constant texts, phone calls, emails, letters (not as friends but from ...
Rosa Lepore
INVESTING IN LAKELAND FL OPEN TO OTHER AREAS
I've learned so much valuable information thus far. I just wanted to get some advise on where to invest in FL. I'm waiting for a realtor and a management company to contact me hopefully this week, but in the meantim...
Gregory Montalto
Ever had a rental raided by SWAT or the FBI?
A contractor friend was over today and told me this crazy story about a property he owned a few years ago. He was your typical accidental landlord after not being able to sell his primary residence and moving to a ...
Qusay F.
When is it Acceptable to Purchase a Property For Market Price?
Hello all,About 6 months ago I purchased my first property, a duplex on the MLS at below asking price (and below market based on comps) in a high-demand, albeit up-and-coming neighborhood of Buffalo, NY. I've since re...
Zach Hodge
Dallas Tax Expert Recommendation & Anyone's Thoughts on Situation
Hey Guys,I'm considering selling the duplex I renovated in College Station and I don't know if I need to talk to a Real Estate Accountant or a Real Estate Attorney about my tax considerations. I have an interested bu...
Bala Krishnan
Commercial Loan Terms Discussion
Dear BPs,
I am a newbie evaluating loan terms from a commercial mortgage broker. I am putting the info below. Need your take on what you think about the terms here.
The property is in Charlotte, NC. ...