Ryan Copeland
Offer Letter | For Sale by Owner
Hello BP,I've been talking with an owner for an off-market deal and they asked me to send an offer letter. I was wondering does anyone have some type of template to use or can provide some type of example. Any type ...
Grace Porritt
Hard Money Lending Advice
I am approaching retirement and I need to be careful about the influence of income on my SS benefits. I have thought about starting to do some "hard money" loans on a short term basis for the right investors. Intere...
Jack Bobeck
Can you legally rent the house back to the shorted owners?
I thought I had heard it all, but my father just purchased a short sale home and the owners asked their realtor who asked my father's realtor if they could rent the house for 3 more months after the sale date?
My imm...
Dee Miles
Complaint Filed with Attorney General by Someone who got my yellow letter
The AG of my state (Washington) sent a notice to me last week that someone has filed a complaint about receiving a yellow letter from me. Their complain states: "I received an unsolicited letter asking to buy one o...
Zach Henderson
Strategy for selling townhouses? 18 units in Clemson, SC
Hey folks -I just wrapped up a project rehabbing and renting a group of townhouses in Clemson, SC. There are 3 buildings in all - 8 units and 4 units sharing a parking lot, and 6 units nearby - and I have them all lis...
Manco Snead
How do You Keep Property Managers from Screwing Up Everything?
Greetings,I'm buying my first out-of-state property (Iowa) and hiring a property management company to run it. I've dealt with a property management company for my local property and their work ranged from ok to semi ...
Ken K
Commission sharing
I'm not a licensed realtor, but I'm considering that possibility for legal reasons relating to the sharing of commissions on leads that are more suitable for a retail sale than for a rehabbing. Before I discuss this ...
Jeff Ronningen
Tax Treatment: Capital vs OpEx
Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.
Paul Tomlinson
Someone else is advertising my property - HELP
I've just run into a situation where a home that I own is being advertised via Craigslist by another individual. The home is not under contract by this individual, although he asked for a contract over one week ago. H...
Ryan Outon
The Oklahoma Market?
Does anyone do any investing in Oklahoma? I am living in phoenix right now but was born and raised in Oklahoma. I have noticed the phoenix market is completely saturated with investors, however it seems as if the mar...