Bob Malecki
Borrower BK 7 Discharged but not closed?
I just purchased a 1st position NPL on a home in Oklahoma and found out from FCI's bankruptcy specialist that the borrower had a Chapter 7 bankruptcy in 2009 which was discharged in 2012 but not yet closed. This was n...
Mike Landry
very high electric bills
my tenant had a $350 electric bill last month, almost 3000 kwh. 1600 sqft brick house built in 2005. What is the most likely culprit for this? I have someone coming to check out the ac this week anyways. Any other po...
Robert P.
Time-lost with GC
This may be a bit of stretch, but I have been dealing with a contractor for the past week and a half about getting some work done on a property I am buying. He came by on Tuesday afternoon and took a look at the prope...
Nate Gelinas
Structuring an owner financed deal
Hey guys, I have looked around and have been unable to find any in depth books/articles etc on how to go about structuring an owner financed property.
Can anyone point me to a good book or article about this or be wi...
Chafic El Amatoury
Conundrum for the Knowledgeable
Hey guys,
I'm a young starting RE entrepreneur, been studying and learning for years, and now I'm launching with a major Househack and would love some guidance. I just got approved for a 400k FHA loan, want to use...
Lafontant Cherilus
Owner Occupied Financing on Multi Family (Primary Residence)
Here's the situation;1. Not too many multi families in southern NJ (where I reside) and work in Philadelphia. (goal to get multifamily with positive cash flow after debt servicing, reserves, maintenance, taxes etc) 2...
Jeff Weissman
Student Tenants - College Town Income Property
I would love to hear from anyone who has owned income property near a college or university for at least 3-5 years and has experience renting to college students. Does the annual turnover kill your cash flow? Certainl...
Dean Baluch
Lender Can't Sell Loan - says I owe money AFTER Closing
I'm in a tricky situation with my first deal.I closed on an investment property in Georgia and about 10 days later the lender is saying that the deal violates a Fannie Mae guideline in that the cash back at closing ex...
Yuliany W.
Stop Cable TV vs Raising Rents
Hi BP,
I'm considering to stop cable tv subscription on my 14 unit rental. It costs about $500 per month. The previous owner set this up and I'm wondering if this is a common practice for multifamily rental....
Cody Evans
Wholesaling: Cold Calling
Hi BP,I'm taking massive action even though it is making me feel very uncomfortable. Can you help ease me by giving some cold calling advice? I've dropped off 40 postcards since Wednesday and havent gotten any calls y...