Jason Cummins
My current wholesale deal - a synopsis
I am up late tonight because I have been extremely busy at one of my rehabs. I was posting to my blog and didn't really have much to say on it. So I decided to write a synopsis of my most current wholesale deal. I ...
Alex Ericksen
How strict is Provo City on definition of "accessory apartment?"
Greetings fellow BP friends. I have a few quick questions for any of you familiar with renting/landlording in Provo City, specifically relating to their rules on "accessory apartments." I went under contract this Satu...
Hunter Perkinson
Questions about the Hard Money Process
Hello BP, I was hoping someone could give me clarification on how using hard money works. I've never flipped a property before but thats what I'm looking to do. I want to get my financing in order first and hard money...
Linda Weygant
Short Sale Bank Negotiations. Who is high in this deal? Is it me?
I've been trying to get a bank short sale under contract. It's got an ARV around $220, rehab costs around $40. I put an offer in that was about 12% over asking (acceptable for this market), but still left room for p...
Marian Smith
How far below list can I offer on REO's?
Last REO I purchased I offered, I think, 72k on an 89k listing with 90+ days on the market. My rational was something like 1) the listing agreement expired in a week or so, 2)original principal loaned was 76k in 2004...
Account Closed
Birmingham. Any revitalization projects?
I am interested in investing in the Birmingham area and would like to know if there are any revitalization projects happening in or around the city. Any big companies planning to move in? Any new construction going o...
Sean Morrisey
Delaware Statutory Trust vs. 506B Syndication
Could anyone tell me if a Delaware Statutory Trust is better than a 506B when setting up a real estate syndication? Pros/cons to either?Thanks a bunch!
Joe Splitrock
How Do I Collect From an Ex-Tenant
I have a tenant that left last October after being in the property for 5 years and there was damage in the property. I was very reasonable about assessing damage and made sure to prorate everything based on useful lif...
Rich Weese
U.S. bankrupt by 2019-guaranteed!!
Now that I have your attention, I'm open for suggestions as to how we avoid the inevitable.
I've been reading and studying up on the financial problems that keep growing here in the U.S. Here is an article that has s...
Jesse Olsen
Is car debt bad debt? First time mortgage applicant, tips needed
Howdy, Hope the detail proves to be helpful, I would appreciate all the helpful feedback I can get. Will be applying for my first mortgage loan in the next 5 months and want to ensure I am in the best position I can p...