Yi Zhao
Money withheld from the contractor until after final inspection
Hi all,I'm a flipper and the houses I flip usually takes $50k-60k to fix. In my contracts, I always withhold 10% until the house is sold and final home inspection has passed. It usually cost 1k-5k to fix issues that a...
Gregory Wesley
Inherited land
I've inherited about 40ac of land an I'm trying to figure out what to to with it. The land is all together and not land locked. It's located about 90 miles from Dallas. There's basically nothing near the land. The...
John Thedford
Fraud By Inducement, Unlicensed Brokering, Preying On The Elderly
All the gurus, etc promoting unlicensed brokering forgot to mention this: many of their ideas are illegal in some states. In Florida, you cannot advertise property you do not own even if you have a contract on the pro...
Mike W.
New Investors
I wrote this a couple years ago for another audience and from some of the recent posts I have seen, I dug it up and figured I would share it here. The information is just as valid today as it was 2 yrs ago.
I recent...
CK Hwang
Does anyone really use the 70% rule when buying in today's market?
Hi everyone, I was just reading through this article today,
http://www.biggerpockets.com/renewsblog/2013/01/16/how-to-lose-money-flip/?utm_source=BiggerPockets+Newsletter&utm_campaign=65d81ad5e0-January_17_2013_...
Veronica Mackey
Training to Buy/Sell Notes
'I'm interested in learning how to buy/sell mortgage notes. Can you recommend a training program/network that helps people get started. I can only invest a couple hundred right now.'.
Matt Ransom
Missing one month's rent
Thank you in advance for your time and thoughts!Context: This is my first rental property.First year was great and we renewed. We are 7 months into second year, they have been late 3 times (excuses include they were ...
Michael Abernathy
Sell rental with positive cash flow to invest in more properties
Hello everyone,A quick down and dirty about myself. I live in Jacksonville, FL., work in IT and am currently finishing up my MBA. I have a rental property in Virginia Beach, VA that I bought over ten years ago. For...
Jim Wiley
Are there any GENUINE wholesalers in the Cincinnati Area?
I am becoming increasingly frustrated by so-called wholesalers who contact me with a "deal," which, when I go to Redfin or Realtor.com, I find it is listed on the MLS for less than the "wholesaler" is presenting to m...
Ryne V.
Self employed loans?
Hello fellow BP'ers,
Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...