Taylor Green
What repercussions does borrower have if foreclosed on by private
Hi,
I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.
If the foreclosure process wer...
David Bowles
New purchase, current tenant is not current on rent
Hi Guys! I recently had a seller (another investor) agree to a 45k purchase price (cash) on a house with ARV of 60k. The house had a full gut rehab 4 years ago when this investor bought it. The current tenant is “all ...
Shane Craig
Cash flow vs equity?
I'm writing this post to get everyones opinions on a deal I'm considering.All of my previous deals I have purchased were for cashflow. This deal I'm considering has minimal cashflow( 1K-2K a month) but has a high equi...
Cristin Andrews
How to handle property manager leasing to person with warrants for drugs burglary etc
Hi. I just went through fixing up my rental that had about 10K damage from previous renters ( in a B neighborhood) in Houston. This is my only property and it is the house I raised my kids in in a nice family neighbor...
Mathew Wray
Buy and hold houseboats?
Hi all,
I'm curious if anyone has any experience buying and renting out houseboats? I know there are slip fees (if the slip isn't included in the purchase price) and I'd be shocked if there weren't some sort of HOA f...
R Jun
SELL VACATION HOME NOW OR AirBNB/VRBO IT?
Last year I bought a gorgeous 20 acres country property in a famous small town in the middle of a forest with a 2008 built house in like-new condition. I put the property in a LLC with the intention of using it as a w...
Robin Searle
Movement to ban STR's
I've been trying to follow what is happening on the STR front nationwide and would love to hear from BP members about what's happening in your particular city/location as far as restrictions? When we bought our prope...
Quinton Lightfoot jr
New to Wholeselling
Hello All,Like most I am a new to the game of real estate whole selling. I have been studuying the different lessons if you will by all gurus like many have via internet, podcast, itunes, taking any learning vehicle t...
Mario Ruscovici
Possible purchase of a property in a flood prone area
I am about two weeks away from possibly closing on a duplex in a flood prone area on the south east Atlantic coast. The price is reasonable and meets the 1% rule. I have three issues on which I would welcome any fee...
CJ M.
When does someone who breaks in, become a tenant?
I've heard the horror stories on here about squatters and how people have needed to go throughthe eviction process, even though there was never a lease in place.Might be a dumb question, but at what point does a squat...