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Buying Subject to
Hey BP,
Currently I'm a buy and hold investor - I have 4 units total and am always looking to buy more. With traditional financing getting more difficult to come by, I've been looking at finding better deals and get...
Josh Sterling
Purchase agreement for apartment building
We have reached an agreement with the seller on the purchase of an apartment building, and are now in need of an official purchase agreement. This deal will not have a broker involved for either party, therefore we...
Richard McNeal
Do I need 30% equity to qualify for financing?
I just got off the phone with a lender who said I won't be able to get (traditional) financing anywhere unless I sell my house.I have one rental property with about 10% equity. I'm currently living in a property with ...
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A Tax Deduction Extravaganza for Jet-Setting Investors!
Real estate investors often find themselves traveling to and from rental properties, banks, hardware stores, and meetings with various professionals. If you've set up a home office, your business-related travels are t...
Jason Malabute
REPAIRS OF RENTAL PROPERTY DURING ANALYSIS
I'm reading the book on repairs and rehabbing that is recommended by BP. I am not done with the book yet but noticed that estimating repair cost is a detailed and time consuming process. Is there a faster, but accurat...
Derrick S.
Making MoHo's lendable
Simple thought; likely a simple answer.I'm in Alaska, and there are a good amount of mobile homes / modular homes/ trailer houses on land. These are almost always owner financed or cash-only, because they aren't "real...
Chris Johnson
Flipping a house with radiator heating
I'm sure a lot of people have ran into this before.. I'm looking at a property tomorrow for a flip, and the heating in it is the old style radiators. How do you update a house to look modern and keep the radiators? ...
Jeffery Waicak
Posting for birddogs
Well the mls in my area is getting too hot. If I go on Craigslist there are a few I'll buy your house cash ads up. If i posted finders fee offered. I'll give you $××× I was thinking $500, if you can get me in contact...
David Robertson
Cash Offer on Abandoned Property
I have been looking at some properties in a blue collar neighborhood to flip. The houses in the neighborhood are selling from around $20,000 (greatly distressed) to $85,000 (well maintained)....
I recently came acro...
John Smith
Best markets for wholesaling and buyer's criteria during COVID?
I am getting started in wholesaling and I see COVID-19 as an opportunity to find and reach motivated sellers with everybody inside their homes and perhaps facing financial strain. Of course, we all have to work virtua...