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Hey BP Fam,I have a property owner that is willing to let me assume his loan. According to the rental numbers provided by the owner, the property cash flows at about 2.8% of rents and is currently 100% occupied. Does ...
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Hello BP,I recently started looking for new ways to grow my wholesaling business and started placing ads on Craigslist in different markets I had a knowledge of, one being in Upstate New York.I had a seller contact me...
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R.e. agent is saying that M&T bank is asking me to sign a contract with seller BEFORE letting me know if they accept my offer...does this sound right? I've already given a binder, now they want 10% of P.P. with si...
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Give us your best (worst) landlord experiencing stories. Don't be shy. Even if you messed up in how you handled it (we all do). Winner is the one who posts the most entertaining story, as determined by number of votes!
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I have several open units in lower-income areas. There is a good deal of interest in these units. I've passed out several applications and even collected application fees, but it seems that the email exchange proce...
Hi BP community!We have been landlords for many years, with multiple properties. We haven't had this issue before and we aren't sure how to handle it. Any advice would be helpful and appreciated!We have new tenant who...
Hi, I have tenants in the property already. I made it so that the lease is not automatically renewable. The current lease goes until October 2017, not a disappointment, but i do know that are ways to improve because...
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Has anyone ran into this issue with Fannie Mae? They have a clause in their contract which states you can not finance more than 120% total of the contract price of the property...
So on my last deal, I purchased for...
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The building department wants the wall that separates the 2 units fire rated 1hour. I have no idea where to start. I asked the city for some help and they send me to google. Any help is appreciated thanks.
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I'm starting a direct mail campaign in the next week or so and I want to have as many options as possible to close deals. First goal will be creative financing (sub to, owner financing, lease option etc) but I also ...