Jonathan Johnson
What to include in a Letter of Intent
Here's what I'm putting together for an apartment LOI, not sure what or if I should save stuff for the purchase contract:A) Purchase Price (high offer, almost asking price since there's already another offer on the ta...
Erica Nagle
Keep radiators?
I keep going back and forth on what we should do so I wanted to through this out there for thoughts. Situation:Multi-family with radiators in each room. They are in fairly good shape but could use a paint job. The boi...
John Schaffer
Need help structuring seller finance deal
Hey BP,So my grandparents have been trying to sell there house for a few months now. There is no mortgage on the property. They have already moved out and are living with my aunt and uncle in an in-law suite. The hous...
Ted Harris
Government, Fannie Mae Considering Help for Housing Investors
From CNBC article today ....
"Multiple sources now tell me that the Administration, specifically over at the Department of Housing and Urban Development, is considering ways to get more investors into the housing ma...
Stacy Romero
Current market advice - banks and exit strategies
I'm a beginning wholesaler who is trying to get a real world picture from experienced wholesalers in regards to todays financing markets (especially in Colorado) where wholesaling exit strategies are concerned.
Are b...
Jack Casica
Financing 2nd House Hack while keeping first house hack as rental
TL;DR: My DTI is too high to qualify for another mortage. What are some options?
My goal this year is to get into a second house hack! BUT I would also like to retain the home I am currently living in as a rental. Th...
Jeremy B.
Renting Individual Rooms in the D.C./DMV Area
Does any person have experience in the D.C./DMV area renting out multiple bedrooms to individual tenants? Has anyone had success renting out individual rooms in the D.C./Northern Virginia/Maryland area? If so, what i...
Elizabeth Beard
Wholesale AND Retail
I’ve already formed my LLC for wholesaling and closed my first deal last month. However, I just passed my real estate exam and I’m going to affiliate with a broker who understands that I’m focused on investing. Since ...
Brett Trammell
Bonus depreciation without being a real estate professional
My wife and I bought our second rental property last fall - a 4-plex. I’ve been hearing about taking the bonus depreciation and while it sounds like it would be a great strategy if we were full-time real estate profe...
Tracy Briggs
Won bid on Courthouse Foreclosure sale .... NOW WHAT!!!!
In NC there is a 10 dsy upset period, I was awarded bid today.
Bid amount $55,000 .... confirmed recent comparables $125,000-$135,000.
Home needs $25,000-$30,000 in repairs very worst case scenerio.
I want to flip N...