Eric M.
Lenders, do you have borrowers pre-sign DIL?
I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...
Brett Vandervort
Is now a good time?
Real estate investing has been my dream for years, and I'm eager to start! I thought it would be an good idea to get my feet wet by buying a house and renting out the extra rooms to roommates. But is now the right tim...
Account Closed
Out of State Turnkey: Shocking Home Inspection report?
In the process of purchasing my first turnkey property out of state. Just got the home inspection report, and it sounds like a disaster. Water damage on the ceilings, wood rot, old HVAC, questionable roof, dead mice...
Matthew Holtry
What is the Happy Path for a Private Money lending Transaction?
BP Community,I recently did my first private money deal (as a lender). The borrower is someone I know personally, and we intend to do additional deals together in the future. We stumbled through this first one togethe...
Fay Chen
To Rent Or To Buy?
Dear BP family, I have a difficult decision to make and would like your opinion.Decision: I'm looking to move to Pasadena, CA in June. Should I buy or should I rent?Background:I love Pasadena! I regretted moving away ...
Jake Thomas
9-5 M-F or 7 days a week Realtor
I have been selling real estate for around 5 years now and always wondered if I work too much. My family is about to grow by one here in a few days (first child) and I wonder if there is any real benefit to being a re...
Brian Beck
What would you do? 50 year old starting the journey
I am 50 and have a goal to replace my income, or at least a lot of it by 60. My wife and I have strong W2s and are closing on a 300K HELOC this week. We are in process of building an Airbnb (Den Modern Cabin in Adir...
Dana R.
Tenant scheduled a repair without notifying me first
I have a tenant who emailed me at my work e-mail account on Christmas about a leaking garbage disposal that didn't seem to work anymore and that they had scheduled Roto Rooter to come fix it. Normally, I know that a l...
Katie Miller
Out of State STR Investing -- HOA Proxy?
Hello! Looking for advice from other out of state investors who self-manage their properties that are part of an HOA.
I'm new to whole process of investing with a property inside an HOA out of state and looking for ...
Brian Bellew
Bend, Oregon Investment Thesis
I own three single family rentals in Bend, Oregon that all cash flow pretty well and have good equity positions. Bought in 2010, 2012 and 2013. I now live in Denver but have strong convictions about growth in Bend. ...