Joshua D.
Lines of credit or mortgage?
So since I started I purchased my first 2 properties with cash. First one a duplex with $22,000 all in and cashflowing $700 a month. Then a SFH for $30,000 all in and cashflowing $400. I then took a line of credit ou...
Patrick Philip
What could I do with vacant land?
Very general question...As a real estate investor, what could I do with vacant land? There's lots of relatively inexpensive parcels for sale.Would home building be my only option?
Robert Ferrell
Why should a seller offer financing with no money down?
Being a new investor with absolutely no money in my bank account, I am very interested in the prospect of Seller Financing. I have read that it is usally much much easier to work out a financing deal with a property o...
Charles Mangum
What to doif no income statement for multifamily REO for sale?
I'm looking at a 24 unit in a small town. The property is bank owned and is ~50% full. The bank has been telling the onsite manager not to lease the property for the last 6-8 months. I'm assuming one would just hav...
Brad P.
Self Storage Property Evaluation
Hello All-I’ve been reading these forums for quite some time but just had the need to join recently: I’m looking to buy my first commercial investment property and would like some advice or guidance on the deal I’ve b...
Fredy Juarez
ASSIGNMENT OF CONTRACT FEES
Good Day BP Community,Once you get a property under contract what is the maximum assignment fee I can impose to assign my contract to a buyer while being ethical in the Los Angeles CA area?Thank you for the help.
Gordon Michael Porter
Vacation Rental Drawbacks
I’m really interested in buying properties for the sole purpose of listing on AirBnB. The area I’m in is busting at the seams with vacationers and it looks like AirBnB is the best way to go. What are the drawbacks I a...
Mark Lucas
New Investor in the Springs!
Hey everyone! My name is Mark Lucas and I moved to Colorado Springs about 6 weeks ago. I am active-duty military and I am interested in investing on the side for the long term. My main interest is buy-and-hold and I w...
Chris Thomas
Thoughts on this Deal?
Asking is $79,500 for 3 Duplexes all with long term tenants that want apparently want to stay. Listing says Gross income is $21,600 with Expenses of $6792. Assuming I did this correctly, here's how that works out via ...
Michael Stole
How do banks choose the listing agent?
Can anybody please describe the process banks use to choose the listing agent for their REOs? Thanks in advance.