Aly W.
Wholesaler's contract - non refundable deposit?
I have an offer in with a wholesaler on a property he already has under contract (short sale), and the bank has a BPO. The wholesaler said if we come to an agreement and sign a contract, he will need a non-refundable ...
Patrick K
Need Help/Advice on Owner Financed Purchase
I contacted a local agent who represents someone selling a $200K lot in my city, asking if the owner would be interested in financing the purchase. Problem is, I really have no idea what they would expect, want, or ev...
Michael F
Forming An LLC?
Hi
I was wondering when dealing with real estate is it require to have an LLC? or is it just better to have one? If so I was wondering what website would you people recommend to form an LLC online? I'm planning to ma...
David Mo
My First Flip Project
Investment Info:
Condo fix & flip investment.
Purchase price: $35,000
Cash invested: $5,000
Sale price: $67,000
My first ever flip project. The deal was brought to me by a wholesaler who is n...
Jenessa NeSmith
Sharing a success story - first flip to an Airbnb property!
We closed on our 1st investment property around Thanksgiving, and put in some elbow grease and many trips to Lowe's to get it ready to rent on Airbnb. It took a little longer than expected (they always do, don't they...
Chris Lambert
Keep renting it or sell it?
Hello BP,
I am still new to BP and this is my first time really seeking advice.
I have a rental SF home in Virginia. The home has a positive cash flow of $200/month and I have excellent tenants who treat the home as...
Account Closed
Should I even consider buying a house?
I have been married and living with my husband, the breadwinner, for the last 5 years. We are separating and I am thinking about buying a modest home for me and my two daughters. But I have NO idea if I would even qua...
Elizabeth Newcombe
How Much of A Loss Will a Bank Take on an REO?
Hi,I am feeling too lazy to research all the sales of auctioned REOs in my area to determine how much of a loss the banks are willing to take on these. I am wondering what my chances are of getting an auction property...
Michael Duncan
Buying rentals while active duty military
Hello everyone, I am currently active duty Navy stationed in Pearl Harbor, HI. I am currently renting a 3 bedroom home with a few military friends so we can save some money. I am interested in buying a rental in the c...
Rick L.
Purchasing $2-3mil Property w/ ~10% Down Payment?
I've listed for sale my current four-family property with the hopes of doing a 1031 exchange for a MUCH larger property. I would like to attain the largest size property I possibly can 50-75 units or $2-3 million...