Susan Perry
First rental investment... does this look like something I should move forward on?
I am in the inspection phase of a duplex purchase in Boca Raton, Fl. I have been doing a lot of research and I am starting to think I should leave this deal. I would appreciate any feedback that anyone may have. Here ...
Stephanie Solomon
20 percent down on a land contract?
I was speaking with a Realtor who specializes in land contracts. He said I should put 20 percent down so I can hold the deed. My question is it necessary or can I put down less and still control the property? Thanks
Fred Shandler
Acquire a property via owner financing, the refi?
Is this possible? I recognize that it would have to be allowed contractually, but is this a strategy that anyone has used?
Justin Pierce
Contract for Deed Subject to Existing Financing
Ok, I'm going to give it a shot. I have always heard about subject-to-financing deals. I've always been skeptical but a deal came to me that seemed perfect for this scenario.Here's the deal:I've been advertising in T...
Account Closed
what do you think of these HML junk fees?
Hello guys,my partner and i are using for the first time a local hard money lender in the los angeles area. We are borrowing 250k over 3 monthsWe just received their estimated settlement statement which seems to carry...
Steven Zai
Promissory Note with 15% return
Hi,I was approached by a realtor/broker that also buys/flips and wholesales properties and he offered me a deal where I would earn 15% return on a property he is going to rehab and flip. The terms of the agreement ar...
Ulrick Edmonds
Self Directed IRA Usage
Hello BP Family, I’d like some feedback on trust companies that people have used to create Self Directed IRA’s. After talking to 3 companies I feel that this is a great resource to build a real estate portfolio , I do...
Stephen Mendoza
Assigning a property to an LLC
My business partner and I recently purchased a property in our names. We would like to assign the property to an LLC where we are the only two members. In the bank note, it says if we assign the property without the...
William H.
debt to income ratio over 55%
Hello all,
My problem is I am having trouble finding financing because my debt to income ratio is right at 55%. The lenders I have talked to say it needs to be around 45%. How can I get financing? I have the ...
Brian Gibbons
Negotiating with Home Sellers - Avoiding "Let me think it over."
The upfront agreement - the second step in negotiating with home sellersWell the upfront agreement was designed to avoid some things.What would you want to avoid in a sales presentation?The classic "thank you but I wa...