Tracy Bogie
Private Money Terms needed for pitch-specifics and documentation
I have a duplex I own free and clear, and just need some additional money to finish rehab. I want short-term money, 6 months max, loan amt $50K, with property as collateral. I just had it appraised, and that came in a...
Cody Weiss
Rental Kit Forms - Full Kit
Hi All,I was curious if anyone has compiled a kit of all the forms one needs to deliver a systematic approach for rental units ( i.e tenant inspection, screening, 24 hour notice, 14 day notice etc). I checked the onli...
Darrick Lowe
How to buy multi-family with no lease tenants
The majority of multi-families I have been looking at have tenants in place without a lease. They are paying month-to-month. Tenants are well protected here in NY. Let's assume that the Seller provides bank stateme...
Account Closed
Foundation Issues in Wisconsin - What to do?!
Hey all - I'm evaluating a property just south of Madison, WI, and there are obvious problems with the foundation. However, I don't know the solutions, and more importantly the cost. When I toured, a few things I noti...
Jerry C.
Transitioning from Personal Mortgages to Commercial
Hi All, I am running up against the personal mortgage limit of (10) and have to go commercial if i want to continue . My question(s) are:If for example i pool 5 properties together into one loan, and decided to sell ...
Michael Patterson
Newbie invester from Lawton, Oklahoma
Hello everyone,
My name is Mike Patterson and my wonderful wife's name is Jenifer. We are just getting started investing in real estate.
We are working on building our team and have joined a local investor group. S...
Nick Flint
Owner Financing Terms & Questions
Hey BP family!I’m checking out a condo this weekend and here’s the quick overview.1- How’s this deal look, anything jump out?Owner financed 2/2 condo78k asking price15% down: $11,70015 year repayment4.71% interest $51...
Shabyna Stillman
Creative Financing?
Hi, need your input please. Have a seller who is facing foreclosure on their property. They owe $64,000 and he wants $84,000. MAO is $64,000, repairs would be $25k for a flip and $15k for a rental. Properties in that ...
Mark Updegraff
19th ward multi's coming out hot in Rochester NY spring market
Looking at some of the recent stats in the 19th ward, it looks like there is a pent up demand for multi units. Perhaps it is just the surge of the spring market, or perhaps its an indicator of values on the rise. If...
Scott S.
Pay Cash Now, Mortgage Later?
If you pay for a property in cash, can you mortgage it after the fact? These days, with the housing market so hot, coming with a cash offer might move one to the front of the line. But, tying up $200-$300K in one prop...